Radical innovations are evolutionary applications of novel ideas within existing paradigms.
Answer the following statement true (T) or false (F)
False
Radical innovations produce fundamental changes by evoking major departures from existing practices. They tend to be highly disruptive and can transform a company or revolutionize a whole industry. Incremental innovations enhance existing practices or make small improvements in products and processes. They may represent evolutionary applications within existing paradigms of earlier, more radical innovations.
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Which of the following statements best describes situational leadership?
A. Specific leaders are needed in specific situations. B. Leaders must adapt to the situation, but not to the followers. C. Different situations demand different kinds of leadership. D. Leadership is directive.
Which of the following is an implication of the "dependence effect"?
A. Consumer autonomy is being improved by advertising. B. Consumers are being manipulated by advertising. C. Advertising and marketing create consumer wants that result in supply being a function of demands. D. Advertising and marketing create consumer wants that support the entire economy.
A lessee has substantially all of the benefits and risks of ownership in an operating lease.
Answer the following statement true (T) or false (F)
While sales contests can motivate employees at all levels to participate, a disadvantage of this method of sales promotion is that
A. they are often too complicated. B. they are not taken seriously by the employees. C. people often discontinue their positive behavior after the contest is over. D. many point-of-purchase display materials are needed to implement a contest. E. people often feel they are not being recognized enough.