Q-Tech Corp

question 10

Multiple Choice

Q-Tech Corp.uses a new technology that allows it to produce standard goods in an economical way.In contrast,its competitors strive for uniqueness and use technologies that offer unique products for which customers are willing to pay a premium price.In this case,Q-Tech has an advantage over its competitors as it has adopted a _____ strategy.

• A) vertical integration
• B) differentiation
• C) low-cost
• D) premium pricing
• E) predatory pricing

Grasp the importance of adopting a long-term perspective for organizational success.

Develop awareness of one's own cultural background and its influence on communication.

Enhance cultural competency through tolerance, flexibility, respect, and bias awareness.

Understand the importance and strategies of clarifying meaning in intercultural communication.

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Definitions:

Contract

A legally binding agreement between two or more parties, outlining terms and conditions of a specific arrangement or service.

Election

A formal group decision-making process by which individuals choose candidates to fill positions in government or other organizations through a vote.

Union Steward

An employee elected by union members to represent them in ensuring that the terms of the labor contract are enforced.

Organization's Management

The group of individuals responsible for overseeing the operations and making strategic decisions within an organization.