A Company That Wants to Be Successful Needs to

question 124

Multiple Choice

A company that wants to be successful needs to

• A)know what it wants to accomplish.
• B)know how to increase market share.
• C)maintain a high gross profit rate.
• D)involve upper level managers in daily operations

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Definitions:

Joint Venture

Two or more organizations form an alliance in the creation of a new organizational entity.

Core Competencies

Essential capabilities or strengths that provide a business with an advantage over competitors.

Resource Dependence

A theory in organizational behavior that describes how external resources of organizations influence organization behaviors and attitudes.

Environmental Uncertainty

Refers to the extent of unpredictability or lack of information in an organization's external environment, affecting decision-making processes.