Globalization and Knowledge Management Have Made __________ Necessary for Organizations

question 157

Multiple Choice

Globalization and knowledge management have made __________ necessary for organizations to remain competitive.

• A)groupthink
• B)virtual teams
• C)command-and-control management
• D)Delphi method
• E)None of these are necessary as a result of globalization and knowledge management.

Identify the impact of digital marketing strategies on consumer engagement.

Understand the role of sales promotion techniques in stimulating product demand.

Recognize the effectiveness of innovative promotional strategies like guerrilla marketing.

Understand the basic concepts and terminology in psycholinguistics.

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Definitions:

Recessionary Gap

A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating an economy operating below its full capacity.

Potential Output

The highest level of output of products and services an economy can achieve when all its resources are employed optimally.

Expansionary Gap

A situation where the actual output of an economy exceeds the potential output, typically indicating inflationary pressures.

Actual Output

Actual output refers to the real level of production achieved by an economy at a given time, which may differ from its potential or expected output.