Paradoxically,a Recession Can Be an Ideal Time To

question 50

Multiple Choice

Paradoxically,a recession can be an ideal time to:

• A) Employ more staff.
• B) Develop better relations with shareholders.
• C) Loosen controls allowing managers more freedom to act.
• D) Invest in the future.

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Definitions:

Innovative Ideas

New, unique, or creative concepts that have the potential to bring changes or improvements.

External Environment

Events and conditions surrounding an organization that influence its activities.

Open Innovation

An approach where companies are encouraged to adopt both internal and external ideas, along with using both internal and external routes to reach the market, in order to further their technological progress.

Broadcasting

The dissemination of audio or video content to a dispersed audience via any electronic mass communications medium, but typically one employing the electromagnetic spectrum (radio waves), in a one-to-many model.