Megan Owns a Company That Makes Specialized Components for the Auto

question 53

Multiple Choice

Megan owns a company that makes specialized components for the auto industry. Her most important customer is a company that is growing at a rate of 25% per year. Megan is working hard to grow her firm, because she knows that unless her company continually grows it will not be able to keep pace with the growth of its most important customer. This examples illustrates the reason for growth referred to as:

• A) capturing economies of scope
• B) executing a scalable business model
• C) market leadership
• D) influence, power, and survivability
• E) need to accommodate the growth of key customer

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Definitions:

Individual Differences

Variations among individuals in terms of their abilities, personality, interests, and other psychological traits.

Career-Development Process

A lifelong journey of understanding oneself, exploring career options, making decisions, and engaging in work experiences.

Broad Categories

General classifications or groups that encompass a wide range of items, concepts, or phenomena.

Strong Interest Inventory

A psychological assessment tool used to help individuals identify their interests and how they relate to various occupations.