The production head at the Omnitone Paint Company would frequently stay back after office hours and experiment with new color combinations even though this was part of the new product development team's job. As a result of these experiments, he came up with two new interior paint colors, foggy morning and mint julep. The new colors proved popular among test groups, and quickly became some of Omnitone's best-selling products. Which of the following strategies does this scenario best illustrate?
A. tactical strategy
B. unrealized strategy
C. emergent strategy
D. intended strategy
Answer: C
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Return on equity equals average stockholders' equity divided by net income
Indicate whether the statement is true or false
Which of the following statements is true about the revised Federal Sentencing Guidelines for Organizations?
A. It excluded references to ethics and compliance programs. B. It excluded the requirement that organizations assess areas of risk for ethics and compliance. C. It included the criteria for an effective program, which is included in the guidelines' commentary. D. It included the requirement that organizations periodically measure the effectiveness of their program.
Unamortized bond discount is
a. a contra-liability account. b. used to arrive at the carrying value of bonds. c. increased with a debit entry when bonds are issued at a discount. d. All of these are correct.
Famous Farm's payables deferral period (PDP) is 50 days (on a 365-day basis), accounts payable are $100 million, and its balance sheet shows inventory of $125 million. What is the inventory turnover ratio?
A. 4.73 B. 5.26 C. 5.84 D. 6.42 E. 7.07