Which of the following is most likely an example of routine response behavior?
a. The purchase of a cruise vacation
b. A homeowner's purchase of a new grill for $600
c. The first-time purchase of a copy machine
d. The purchase of groceries
ANSWER: d
The purchase of groceries is an example of routine response behavior because it is associated with frequently bought goods that are low cost. Frequently purchased, low-cost goods and services are generally associated with routine response behavior.
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HiTech decides to begin distributing products in other countries, but it will not invest in customizations for any specific national market. HiTech is following a multidomestic strategy.
Answer the following statement true (T) or false (F)
Which is NOT recommended when communicating with or about people with disabilities?
a. Because the elevator was installed for our handicapped employees and guests, all able-bodied personnel should use the stairs. b. The management of Crystal Oil Products has taken meticulous care to provide full access to all areas of the building for its less-fortunate employees and guests. c. Because company finances have been burdened to their limit, only the blind employees will have voice input installed on their computers. d. Personnel with vision impairments may request that voice input be installed on their computers.
According to Robbins, a cost minimization strategy is best suited to what of the following types of structure?
a. loose b. tight control c. low specialization d. low formalization
What is one of the most common problems with venture revenue projections?
a. The projections tend to be too conservative b. The projections tend to be too pessimistic c. The projections tend to be wildly optimistic d. None of the above are problems