Bill's Organization Expects 50% of Profits to Be Generated by Products

question 40

Multiple Choice

Bill's organization expects 50% of profits to be generated by products that did not exist five years ago. What is the nature of the programs that the organization's managers are likely to follow?

• A) short-term
• B) risky
• C) innovative
• D) expansionary

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Definitions:

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.

Cultural Context

The societal, economic, historical, and personal circumstances surrounding an event or person that can significantly influence their behavior and perceptions.

Western Cultural

Refers to the customs, lifestyles, and values that originated in the countries of the Western hemisphere, primarily Europe and North America.

Unrealistic Outcomes

Expectations or results that are not achievable based on current circumstances or realistic assumptions.