In Mapping, Strategic Groups

question 69

Multiple Choice

In mapping, strategic groups

• A) one strategic variable and one financial variable should be used as axes for the map.
• B) it is important for the variables used as axes to be highly correlated.
• C) the best variables to use as axes for the map are those that identify the competitive characteristics that delineate strategic approaches used in the industry.
• D) it is important to use price as the variable for the vertical axis.
• E) the primary objective is to determine which strategic groups are profitable and which are not.

Identify different types of listening and their impact on communication effectiveness.

Recognize the role of nonverbal cues in enhancing communication.

Differentiate between formal and informal communication and their appropriate contexts.

Understand the impact of high-context and low-context cultures on communication strategies.

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Definitions:

Active Listeners

Individuals who engage in listening by paying close attention, understanding, responding, and remembering what is being said.

Information Overload

The state of being overwhelmed by the amount of information one receives, making it difficult to process or make decisions effectively.

Perceptual Biases

These are psychological tendencies that cause the human brain to draw incorrect conclusions about sensory information or people, influenced by personal experiences, emotions, and knowledge.

Redundancy

The inclusion of extra components that are not strictly necessary to functioning, intended to increase reliability or to serve as a backup.