To Compete with Rival Company X,company Y Changes Its Management

question 3

Multiple Choice

To compete with rival company X,company Y changes its management structure.This is an example of ________.

• A)an internal change causing another internal change
• B)an internal change causing an external change
• C)an external change causing an internal change
• D)an external change causing another external change

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Definitions:

Counterfeit Products

Products that are made in imitation of genuine products with the intent to deceive consumers into believing they are authentic.

Status Symbols

Objects or actions that signify an individual’s wealth, prestige, or high social status within a community or society.

Leisure Class

A social group that enjoys privileges allowing its members to spend a significant amount of their time in leisure activities, rather than work, often seen in societal hierarchies or affluent communities.

Wealthy Family

A family characterized by possessing significant financial resources, assets, and income, which provides them with a high socioeconomic status.