Which of the Following Should an Organization Do in Order

question 101

Multiple Choice

Which of the following should an organization do in order to obtain a competitive advantage through superior efficiency?

• A) Make products that are much more reliable than the products available in the market
• B) Reduce the number of inputs it requires to produce a given amount of outputs
• C) Use technology to make its product unique and different when compared to its rivals'
• D) Conduct surveys to determine whether a product will be successful in the market
• E) Create products that will attract customers and charge a premium price for those products

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Definitions:

Trust

A psychological state in which one has a willingness to be vulnerable and to take risks with respect to the actions of another party.

Transformational Leadership

A leadership style where leaders inspire and motivate followers to exceed expectations and foster significant change.

LMX Differentiation

The degree to which there are variations in the quality of relationships between leaders and different members within the same team or organization.

LMX Relationships

Leader-Member Exchange Relationships; a concept in organizational behavior that explores how leaders and followers establish relationships and how those relationships influence workplace dynamics.