GE Disrupted Itself By

question 58

Multiple Choice

GE disrupted itself by:

• A) Replacing the top levels of the executive hierarchy.
• B) Using the needs of developing countries to replace older and more expensive products with newer and more adaptive ones.
• C) Saturating the global market by having too many products in each market.
• D) Losing strategic focus and not protecting its market share in health care technology.

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Definitions:

Tax

Mandatory financial charges imposed by a government on individuals or entities to fund public expenditures.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to higher market prices.

Tax

A compulsory financial charge or levy imposed by a governmental organization in order to fund various public expenditures.

Price Elasticities

The responsiveness of the quantity demanded or supplied of a good to a change in its price.