Answer:
C.
Explanation:
Satisficing is searching for and accepting something that is satisfactory rather than insisting on the perfect or optimal.
Managers tend to satisfice rather than optimize in considering and selecting alternatives.
Characteristics:
-accept good enough
-do not obsess over other opinions
-can move on after deciding
-happier with outcomes
Answer:
At Celgene, the environment is <u> dynamic </u> because of the <u> speed of change </u> and because of the <u> number of changing factors </u> . Resources are <u> scarce </u> .
The managers at Celgene are facing conditions of <u> high </u> uncertainty. This means that it will be <u> difficult </u> for them to make strategic decisions about the types of products the company will offer in the future.
Explanation:
From the short passage leading to the question the following points have been used in the answers provided:
a. dynamic: the change in the areas such as informatics, functional genomics and regulations means that the operating environment is dynamic not static
b. speed of change: the statement <em>"evolve on a daily basis" </em>shows a fast pace of changing conditions
c. number of changing factors: the factors changing include informatics, functional genomics and regulations.
d. resources are scarce due to expensive researches and difficulty in acquisition of stem cells.
e. high uncertainty: due to the rapid evolution, the managers do not predict accurately, hence a high degree of uncertainty
e. increase in uncertainty makes decision making difficult.
Answer:
Option E Provides greater reliability that the rival products
Explanation:
The reason is that differentiation brings uniqueness in the product which the very few rivals that negligible in amount can match. The example includes Mercedes pursue differentiated strategy and the number of firms that can match its differentiation at a competitive price are very few which includes BMW, Ford and Electric Motors whereas in India the only comply that can match its innovation is BMW. Likewise in many other countries Mercedes is always priority of customers because of its brand recognition and creates a perception of great personality of the owner of the car. Thats the reason why in many countries the President and state guests are received in Mercedes.
Answer:
Option C There is upward pressure on prices
Explanation:
The reason is that the price and supply are inversely proportional to each other. If the supply increases the prices of the product will decrease. This means that the product will increase its value if the supply of the product gets lower. Also note that the price moves upward to reach equilibrium for a level of supply. It means if the product prices increases then the supply shortage will be lowered as a result nobody will buy the product. So the supplier will have to lower price that the consumer will be willing to pay to the supplier.
Answer:
<em>Duress </em>
Explanation:
Duress is a protection against an agreement. Duress is <em>the wrong pressure to force an individual into an agreement that he or she would not normally enter into. </em>
Duress involves using force intentionally or threatening force to induce the agreement.
It may be either physical or mental manipulation, but it must be intimidation to the degree that it robs the other individual of independent will or freedom of choice.
This implies that no fair alternative to entering the contract is left to the individual.
