If a Start-Up Pioneers an Industry or a New Concept

question 11

Multiple Choice

If a start-up pioneers an industry or a new concept within an industry, the name recognition the start-up establishes may create a formidable nontraditional barrier to entry referred to as a:

• A) unique business model
• B) aggressive supremacy
• C) competitive superiority
• D) first-mover advantage
• E) aggressive tactical advantage

Examine the strategies employed by companies in response to global challenges, such as the antismoking campaign.

Recognize the interconnectedness of technological, political, and economic factors in driving globalization.

Understand the various theories (dependency theory, modernization theory) explaining economic development and underdevelopment.

Understand the role and appointment process of the Federal Reserve's Board of Governors.

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Definitions:

Managing Change

The process of guiding an organization through transitions or adjustments to its operations or culture.

Union Involvement

The participation and influence of labor unions in negotiating wages, benefits, and working conditions, and protecting the rights of their members.

Seniority

Length of the worker’s employment, which may be used for determining order of promotion, layoffs, vacation, etc.

Employee-related Decisions

Decisions made by an organization that directly affect its workforce, including hiring, promotions, terminations, and policy changes.