When the market for standalone Global Positioning System (GPS) devices declined with the arrival of GPS-enabled mobile phones, Magnet Inc., a manufacturer of GPS devices, bought out most of its rivals that were planning to exit. This allowed the company to get rid of all the excess capacity and acquire a monopolistic market power in the declining industry. Which of the following strategies has Magnet adopted in this scenario?
A. differentiation strategy
B. consolidation strategy
C. maintain strategy
D. harvest strategy
Answer: B
Business
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A. plenary B. unlimited C. limited D. unrestricted
Business
The goal of communication in a high context culture is what?
A) To use visual cues to convey meaning B) To exchange information C) To focus on results D) To build relationships E) To ensure a legal decision making process
Business
Interest on debt is tax-deductible to the issuing corporation, whereas dividends on stock are not
Indicate whether the statement is true or false
Business
During situations of low familiarity, many types of mediators may be used in cross-cultural negotiations, known as a ________ strategy.
Fill in the blank(s) with the appropriate word(s).
Business