Which Strategy Is Appropriate When an Organization Competes in an Industry

question 8

Multiple Choice

Which strategy is appropriate when an organization competes in an industry characterized by rapid technological developments?

• A) Retrenchment
• B) Product development
• C) Backward integration
• D) Liquidation
• E) Market penetration

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Definitions:

Manufacturers

Companies or individuals that produce finished goods from raw materials through the use of machinery and labor.

Consumers

Individuals or groups who purchase goods and services for personal use or consumption.

M-commerce

Describes the conducting of commercial transactions using mobile devices, emphasizing the growing trend of using smartphones for shopping and payments.

Web Developer

A professional who specializes in the development of websites and web applications, focusing on aspects such as design, functionality, and user experience.