A Market Orientation

question 53

Multiple Choice

A market orientation:

• A) focuses exclusively on providing consumer value to remain ahead in a market.
• B) focuses on eliminating all competition from a market and establishing market monopoly.
• C) stresses the need to monitor and understand competitor actions in the marketplace.
• D) stresses the need to prioritize the profitability of a company over consumer value.

Distinguish between workplace spirituality and religion in the workplace.

Comprehend the essence of Positive Organizational Behavior (POB) and its applicability.

Identify the concepts and different types of Corporate Social Responsibility (CSR) practices.

Understand the components and significance of psychological capital in the workplace.

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Definitions:

Centralized Authority

An organizational structure where decision-making and control are concentrated at the top levels of management, with little delegation of authority to lower levels.

Ethnocentric

Viewing one's own culture or ethnic group as superior to others and judging other cultures by one's own cultural standards.

High-Context

Refers to cultures or communication styles where much of the information is implicitly understood through context, non-verbal cues, and background knowledge, rather than explicitly stated.

Cultural Intelligence

Cultural Intelligence is the ability to relate and work effectively across cultures, understanding and adapting to cultural differences.