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:

Motivating Employees

The process of providing incentives, encouragement, and an environment that stimulates employees to achieve their best performance and engagement.

Inventory Turnover

A measure of how often a company's inventory is sold and replaced over a certain period, indicating efficiency in managing stock.

Discount Stores

General merchandise outlets that offer brand-name and private-label products at low prices.

Self-Service

A business model or technology that allows customers to perform services for themselves without the need for direct assistance from staff.