Design Thinking Gives Organizations a Competitive Advantage by _______

question 25

Multiple Choice

Design thinking gives organizations a competitive advantage by _______.

• A) Applying diversification strategy
• B) Creating new alternatives to problems
• C) Allowing employees to make decisions
• D) Applying differentiation strategy
• E) Increasing organizational strengths

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Definitions:

Illegal

Activities or actions that are prohibited by law and subject to legal penalties, including fines and imprisonment.

Legal

Pertaining to laws or the system of rules that a particular country or community recognizes as regulating the actions of its members.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize overall profits.

Tacit Collusion

A situation where firms in the market indirectly coordinate actions by understanding common interests without explicit agreement, often leading to higher prices or less competition.