Explain vendor exploitation
Once the client firm has divested itself of specific assets it becomes dependent on the vendor. The vendor may exploit this dependency by raising service rates to an exorbitant level. As the client's IT needs develop over time beyond the original contract terms, it runs the risk that new or incremental services will be negotiated at a premium. This dependency may threaten the client's long term flexibility, agility and competitiveness and result in even greater vendor dependency.
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Under a team-based new product development approach, company departments work closely together in cross-functional teams. Overlapping the steps in the product development process saves time and increases effectiveness
Indicate whether the statement is true or false
In a solicited proposal, the summary conveys to the audience _____
A) the audience has a need you can fulfill B) the cost associated with the acceptance of the proposal C) when and where the issue began D) you have listened to them and understand what they are trying to accomplish. E) how you plan to meet the audience's needs and requirements
Which element of expectancy theory could be phrased as the question, “What’s the probability that, if I do a good job, that there will be some kind of outcome in it for me”?
a. Expectancy b. Instrumentality c. Effort d. Valence
In the 1960s, President Kennedy developed what is known as the Consumer Bill of Rights. This legislation represents limitations to the legal concept of ________ that was pervasive before that.
A. self-regulation B. consumerism C. caveat emptor D. utilitarianism E. economic espionage