Organizations Following A(n) ________ Strategy Try to Both Minimize Risk

question 6

Multiple Choice

Organizations following a(n) ________ strategy try to both minimize risk and maximize opportunity for profit, moving into new products or new markets only after innovators have proven their viability.

• A) innovation
• B) cost-cutting
• C) imitation
• D) technology
• E) mechanistic

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Definitions:

Common Cause Variation

The variation in a process that is random and inherent to the process itself, as opposed to being caused by identifiable factors.

Conjugate Acid

The species formed when a base gains a proton (H+), effectively showing the protonated form of the base.

Conjugate Base

The species that remains after a Bronsted-Lowry acid has donated a proton, capable of accepting a proton to reform the acid.

Acid/Base Reaction

A chemical reaction that involves the transfer of protons (H+) between a base (proton acceptor) and an acid (proton donor).