A Key Part of Apple's Business Strategy in the Electronics

question 58

Multiple Choice

A key part of Apple's business strategy in the electronics market has been

• A)to wait until competitors introduce new technology in their products before incorporating the technology in its products.
• B)to concentrate on selling its products and services through large discount retailers like Walmart.
• C)the innovation of new products which initially have little to no competition.
• D)to dominate the market by offering low-end products and beating its competitors' prices.

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Definitions:

Job Security

Refers to the likelihood that an individual will keep their job without the risk of becoming unemployed.

Knowledge Workers

Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession.

Slow Economy

A state of economic growth that is lower than expected or desired, often characterized by reduced consumer spending, low industrial production, and increased unemployment rates.

Virtual Teams

Groups of individuals who work together from different geographic locations and rely on communication technology such as email, video conferences, and messaging apps to collaborate.