Pressures for Cost Reduction Are Intense in Firms

question 18

Multiple Choice

Pressures for cost reduction are intense in firms

• A)that produce products that are well differentiated.
• B)whose major competitors are based in high-cost locations.
• C)with persistent low capacity.
• D)in which consumers face low switching costs.
• E)with no international competition.

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Definitions:

Cultural Routines

Established patterns of behavior or practices that are characteristic of a particular culture or society.

Organizational Culture

The collective values, beliefs, and principles of organizational members, which shapes the organization's practices and behaviors.

Cultural Symbols

Objects, signs, or emblems that convey specific meanings and values within a culture or organization, serving as identifiers for shared beliefs and behaviors.

Shared Behaviors

Actions and practices adopted by group members that are common and observed regularly within a community or organization.