To Survive Going into the Maturity Phase of the Industry

question 5

Multiple Choice

To survive going into the Maturity phase of the industry life cycle, a firm needs to

• A)outsource all production.
• B)get rid of all research and development staff.
• C)emphasise cost efficiency.
• D)cut wages.

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Definitions:

Bodily Kinesthetic Intelligence

One of Howard Gardner's multiple intelligences, referring to the capacity to manipulate objects and use physical skills effectively, often seen in athletes and dancers.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, proposing that people have different kinds of intelligences.

Athlete

An individual who competes in sports or engages in physical exercise regularly.

Spatial Intelligence

The ability to visualize, manipulate, and analyze objects and their spatial relationships in the mind.