BUSN412 Week 3 Quiz Devry
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Contracts with confidentiality and noncompete clauses 5. Question : Dynamic capabilities include all of the following except: Learning and innovating The ability of an organization to challenge the conventional industry in its industry and market Becoming more efficient in operational processes Continuously adopting new ways of serving the evolving needs of the market 6. Question : When there are few segments, the emphasis on process design is low, and the major functional areas of concern are general management and finance, this can be said to be the ____________ stage of the industry life cycle. growth maturity decline introduction 7. Question : When there is(are) ____________________, we should likely pursue a harvest strategy: decline in the market life cycle high growth strong competitive advantage mergers and acquisitions 8. Question : During the decline stage of the industry life cycle, __________ refers to obtaining as much profit as possible and requires that costs be decreased quickly. maintaining harvesting exiting consolidating 9. Question : Research shows that the following are all strategies used by firms engaged in successful turnarounds except: Asset and cost surgery Selective product and market pruning