Sandi Is Determined to Have an Innovative Organization and Has

question 86

Multiple Choice

Sandi is determined to have an innovative organization and has issued an order to all department heads that they will develop some improvement each month and one that will work.Anyone who fails to innovate or who comes up with a change that does not pay off will be fired.Sam empowers his workers to find innovations and rewards them when they do,but no one is punished if some of their changes do not work.Compared to Sandi,Sam's organization is more likely to be a(n) :

• A) innovative culture.
• B) noninnovative culture.

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Definitions:

Flexible-price Policy

A pricing strategy where the selling price of a product or service can fluctuate based on market conditions, competition, and consumer demand.

Target Pricing

Target pricing is a pricing strategy where the selling price is determined by estimating a competitive price in the market and working backward to calculate costs, aiming for a certain profit margin.

Price Cutting

A strategy where a company reduces the prices of its goods or services, often to attract more customers or compete with rivals.

Product Class

A broad category of products that serve a similar function or are marketed in a similar manner but vary in features, quality, and price.