Apple Computer's "Smart Team" Is an Example of a Firm

question 67

Multiple Choice

Apple Computer's "smart team" is an example of a firm that succeeded by:

• A)encouraging each manager to focus on a well defined area of the business and build his own specialized department.
• B)bringing together a group of talented and experienced managers to conceive,develop,and market products.
• C)emphasizing a low price and low cost strategy right from the beginning.
• D)assembling a group of employees whose inexperience was a plus,because they did not come with the baggage and institutional ideas of larger companies.

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Definitions:

Hermaphroditic

Describes an organism that possesses both male and female reproductive organs, allowing it to perform both roles in reproduction.

Allele Frequency

The proportion of all copies of a particular gene in a population that are of a given allele type, influencing genetic diversity and evolution.

Hardy-Weinberg Theorem

A principle that states allele and genotype frequencies in a population will remain constant from generation to generation in the absence of other evolutionary influences.

Immigration

The action of coming to live permanently in a foreign country.