Managers at Xerox Displayed Very Little Interest in a New

question 29

Multiple Choice

Managers at Xerox displayed very little interest in a new Internet technology that internal scientists at Xerox's PARC division had developed.However,several years later,when an external company developed a similar technology,Xerox,which was considering acquiring the company,responded favorably to the technology idea.This situation is an example of managers prioritizing a(n) :

• A)not-invented-here syndrome.
• B)insider knowledge valuation.
• C)outsider knowledge valuation.
• D)cognitive stimulation.

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Definitions:

Operating Cost

The total expense associated with the normal operations of a business, excluding cost of goods sold.

Useful Life

The estimated period over which a fixed asset is expected to be usable by the company, affecting its depreciation calculation.

Value-Based Pricing

A pricing strategy where prices are set primarily on the perceived value to the customer, rather than on the actual cost of production or historical prices.

Preventive Maintenance

Routine maintenance and inspections of equipment and facilities to prevent unexpected breakdowns and to ensure efficient operation.