The pursuit of both differentiation and low cost at the same time in a way that creates a leap in value for both the firm and consumers is called
A. value innovation.
B. value driving.
C. cost innovation.
D. cost driving.
Answer: A
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An organization having two or more individuals who routinely function like a team, are interdependent in achievement of a common goal, and operate as a cohesive unit would be considered which form of support for creativity?
A. organizational B. work group C. supervisory D. coordinated
If direct materials costs are decreased, the breakeven point will decrease
Indicate whether the statement is true or false
In 1973, the following private-sector body was organized to set accounting standards in the United States:
a. the Financial Accounting Foundation. b. the Securities and Exchange Commission. c. the FASB d. the Accounting Principles Board
Intellectual stimulation is characterized as ______.
A. being seen as change agents in the organization B. inspiring to others to work hard toward organizational goals C. encouraging innovation and new ideas D. getting to know people one-on-one and mentor them