Question Options:
A. benchmarking
B. celebrating early wins
C. organizational development
D. behavioral process orientation
Answer: The strategy management is using to overcome the pull of past patterns and build momentum in moving toward new patterns is known as BEHAVIORAL PROCESS ORIENTATION.
Explanation: Behavioural process orientation refers to the procedures and systems used in determining the cause of a particular behavior and strategies to reinforce or stop the behavior.
Answer:
You need to pay for research data before you talk to any customer
Explanation:
In a lean startup approach, startup companies will gather customers feedback regarding their product and devise their plan based on those feedbacks rather than based on their own intuition.
Even though there are methods that we can use to obtain customers' feedback that require payments (such as purchasing the data from social media ), this isn't always necessary.
One thing that a company can do to obtain customers feedback without paying is to do direct outreach to the customers by sending them emails with their opinion about the products or by creating an online forum specifically for the customers to talk about the product.
Answer: True.
Explanation:
A business would consider their processes that met Consumer needs in SWOT analysis, the business would consider the processes that met consumer needs as their areas of strengths. SWOT analysis is a business analysis where they consider their strength, weakness, opportunities and strengths relative to a new or existing market.
Answer:
The correct answer is <em>held-to-maturity securities</em>.
Explanation:
Securities held until expiration (HTM) are purchased to be held until expiration. The management of a company could invest in a bond that they plan to hold until they expire. As a result, there are different accounting treatments for retained securities until maturity compared to securities that must be settled in the short term.
Answer:
Market economy
Explanation:
There are three predominant economic system; <u>market economy, command economy and mixed economy.
</u>
- In Market economy individuals and firms are free to make their own choices. There is no regulatory authority that is monitoring the system. Firms can produce whatever they want and sell it at whatever price they desire. This idea of free market was first suggested by economist Adam Smith. Firms will only manufacture goods that market demands, even if they are dangerous to the society e.g. cannabis and LSD. If the demand exists and firms can make profit, they will produce it regardless of its impact on the society.
- Command economy is heavily monitored by government. Government decide what to produce, how much to product and for whom to produce. The price is fix for every product. For example, if the price of cheese is set at $10 per pound, everyone will get it for $10. There is no concept of private ownership and everything is owned by the government.
- Mixed economy, also known as traditional economy is a combination of above two types. There is private as well as public ownership. Firms can produce goods, but they will follow laws and regulations (firms can't make and sell LSD to teenagers). The government provide healthcare, education and protect consumers from private institutions.
The question deals with a situation where there is no government intervention. The firms are free to make their own production, distribution and pricing decisions. Hence, it’s a market economy.
