For a New Venture, Platforming Can Be Important for

question 17

Multiple Choice

For a new venture, platforming can be important for

• A) improving operating profits from manufactured products
• B) higher utilization of capital invested in plant and equipment
• C) tackling new adjacent market segments by allowing a company to develop and test new products quickly at little cost
• D) All of the above

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Definitions:

Cultural Relativism

Is the belief that all cultures have equal value.

Ethnocentrism

The tendency to judge other cultures exclusively by the standards of one’s own.

Pluralism

Is the retention of racial and ethnic culture combined with equal access to basic social resources.

Universalism

A philosophical and theological concept that some ideas have universal application or applicability.