A ________ Product Is a Style of the Times

question 324

Multiple Choice

A ________ product is a style of the times.

• A) high-learning
• B) low-learning
• C) fashion
• D) fad
• E) substitute

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Definitions:

Outsourcing

The practice of hiring third-party vendors to perform services or produce goods that were previously handled internally.

Structural Innovation

The process of changing an organization’s structure, including its systems and processes, to improve performance and adaptability.

Global Economy

Resources, markets, and competition are worldwide in scope.

Hypercompetition

An extremely intense level of competition in which companies or industries experience rapid and aggressive moves and countermoves for advantage.