Stephen Oesterle Is a Senior Executive of Medtronics,an Organization Dedicated

question 101

Multiple Choice

Stephen Oesterle is a senior executive of Medtronics,an organization dedicated to promoting healthy lifestyles.Stephen runs marathons and maintains a personal healthy lifestyle.Which function of shaping an organizational culture best describes Stephen's approach? (Stephen-see pages 4 & 12)

• A)creating an effective reward system
• B)being a role model
• C)hiring the right people
• D)creating an effective organizational strategy and structure

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Definitions:

Demand Function

A mathematical model that describes the relationship between the quantity of a good or service consumers are willing to buy and factors such as its price, consumers' income, and prices of related goods.

Market Share

The portion of a market controlled by a particular company or product, represented as a percentage of total sales in the industry.

Perceived Market

The market as understood or interpreted by individuals or firms, potentially affecting their decisions or strategies.

Market Share

The share of a market dominated by a specific company or product.