Describe a firm with which you are familiar. Which business-level strategy does it use, and what are the risks to that particular firm?
What will be an ideal response?
Student answers will vary, but they are most likely to choose a firm with a cost-leader or differentiation strategy because they are simpler to describe.
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Which of the following contributes to the growth of born global enterprises, according to Tanev?
a. Universities as anchor points b. Small home market c. Demanding local clients d. All of the above
The terms of an invoice are 3/10, n/25. This means that a ________
A) discount of 10 percent is allowed if the invoice is paid within three days B) discount of 3 percent is allowed if the invoice is paid within 10 days C) discount of 25 percent is allowed if the invoice is paid within 10 days D) discount of 3 percent is allowed if the invoice is paid after 25 days
Otto mistakenly pays property taxes that should have been assessed against Pip. Otto can recover the amount from Pip in quantum meruit
a. even if Pip was not aware of the error. b. only if Pip tried to conceal the error. c. only if Pip was aware of the error. d. only if Pip consents.
Schein (1987) did which of the following to Lewin’s (1947) three-step model of change?
A. refuted it after testing it on organization change B. expanded and elaborated each step, and redesignated the steps as overlapping stages C. reversed them D. expanded them to five “phases”