The Focus Strategies Will Likely Predominate When Many Small- and Medium-Sized

question 64

Multiple Choice

The focus strategies will likely predominate when many small- and medium-sized local companies compete for relatively small shares of the total market in a(n)

• A) united industry.
• B) fragmented industry.
• C) consolidated industry.
• D) isolated industry.
• E) integrated industry.

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

Discrete Categories

Distinct and separate classifications or groups into which objects, concepts, or entities can be sorted based on specific criteria.

Organizational Counterculture

Subcultures within an organization that fundamentally oppose and challenge the dominant organizational culture.

Subculture

A group within a larger culture that has its own distinct set of values, practices, and beliefs, which may differ from or complement the dominant culture.