In the Context of Adaptive Strategies, Which of the Following

question 28

Multiple Choice

In the context of adaptive strategies, which of the following best describes prospectors?

• A) They seek moderate, steady growth by offering a limited range of products and services to a well-defined set of customers.
• B) They seek fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market.
• C) They try to simultaneously minimize risk and maximize profits by following or imitating the proven successes of firms.
• D) They develop and follow a single strategy for extensive periods of time, irrespective of any changes taking place in the industry.

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Definitions:

Clustering Ideas

A brainstorming technique that involves grouping related thoughts or concepts together to better organize and understand them.

Retain Information

The ability to keep or store information in one's mind for later use or recall.

Forgetting Curve

A hypothesis that describes the decline of memory retention in time, suggesting that information is lost over time when there is no attempt to retain it.

Ebbinghaus

Refers to Hermann Ebbinghaus, a psychologist known for his research on memory, specifically the forgetting curve and the spacing effect.