________ produce fundamental changes that can transform a company or even revolutionize an industry; ________ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.
A. New technologies; new paradigms
B. Technological breakthroughs; product-market breakthroughs
C. Radical innovations; incremental innovations
D. Incremental innovations; radical innovations
Answer: C
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If a company’s production process is not aligned with the volume and variety demanded of the product, then the company ______.
A. has made a bad decision with regard to choice of process B. needs to stop production C. needs to find a new market for its product D. needs to offshore its production
Variable costs change with
A. changes in cross-price elasticity. B. changes in target return pricing. C. competitive parity. D. changes in fixed costs. E. changes in the quantity being produced.
What is the most critical element in effective strategic planning?
A. creativity B. top management support and participation C. continual attention D. the use of a BCG portfolio matrix E. a stringent and narrow mission statement
Define artificial intelligence (AI) system
What will be an ideal response?