Matching -New-New Venture

question 38

Multiple Choice

Matching
-New-new venture

• A)a business strategy defined by acquiring, merging, and coordinating existing market products, services, and companies
• B)a business strategy that seeks to invent a brand new product or service or find a new resource
• C)a business strategy defined by offering a new product or service to an existing category of consumers
• D)a business strategy defined by offering a new category of consumers a new product or service
• E)a business strategy responding to a significant change in political environments, governmental legislation, and regulations
• F)a business strategy where an idea that achieves market success in one market region is transferred to other geographic markets
• G)business strategy that seeks to redesign or augment an offering in an existing business or management process, such as outsourcing of information technology and research
• H)a business strategy defined by a systemic change in business and market environments

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Definitions:

Social Order

A societal concept that implies a set of linked social structures, practices, and institutions which collectively ensure and maintain stability and predictability.

Identity Fusion

A profound feeling of oneness with a group and a perception that one’s personal identity and group identity are essentially the same. It is a strong motivator of collective action.

Ingroup Bias

The tendency to favor members of one's own group over those from different groups.

Power Distance

A term used in cultural studies and sociology to describe the extent to which less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally.