​Simon Corp

question 23

Multiple Choice

​Simon Corp., a global financial services firm, has entered a region whose per capita income is very high. To make its financial products more attractive, it introduces new schemes that specifically cater to high income groups. This is an example of:

• A) ​a strategic alliance.
• B) ​a cost-leadership strategy.
• C) ​a focus strategy.
• D) ​an acquisition strategy.

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Definitions:

Self-Centering

The tendency to consider one's own perspectives and needs before those of others.

Egocentric Thinking

A type of thinking where an individual perceives the world solely from their own perspective, often neglecting or being unable to understand the viewpoint of others.

Conservation

A principle in environmental science focused on protecting natural resources and the environment for future generations.

Assimilation

A cognitive process where individuals integrate new information into existing frameworks or schemas.