Economics QUESTION 10 Paige, an experienced restaurant manager, and her partner Guillermo, an award-winning chef, are planning to open their own restaurant. With more than 20 years of experience between them, the pair are known for producing extraordinary meals in stuaning environments. Given their core competencies for quality and customer service, what strategy do you think Paige and Guillermo should pursue with their new restaurant? O a. Differentiation strategy Ob. Combination differentiation/low-cost leader strategy Oc Global strategy Od. Low-cost leader strategy QUESTION 11 GoLow.com, a budget travel website, was founded three years ago with a handful of employees. In the early days, there were no managers, and teams of employees would form organically to work on projects together. Communication flowed freely throughout the organization. Fortunately, the organization's innovative business model has been a huge hit, and the organization has grown dramatically to 300 employees to accommodate its operations, But there have been some issues with the way things have continued to operate. Employees frequently complain that they're not kept informed of key decisions, and there have been a number of occasions of wasted duplicate efforts. Which contingency factor most needs to be addressed in a redesign of the organization? O a. Environment Ob. Culture O. Technology Od. Strategy QUESTION 12 Midland Savings & Loan was once a small but thriving banking organization in the Midwest with about 30 branches. It was a tightly structured organization, and all employees knew their roles and were well-trained to do their jobs. Occasionally, upper management would respond to customer requests by making a small change in operations or developing a new product, but no one was formally assigned to develop innovations. Over time, the bank's customers dwindled, and the bank has just announced it will be closing its doors. Which contingency factor should have been addressed earlier in this organization? O a. Culture Ob. Environment OC. Size Od Strategy
Economics QUESTION 10 Paige, an experienced restaurant manager, and her partner Guillermo, an award-winning chef, are planning to open their own restaurant. With more than 20 years of experience between them, the pair are known for producing extraordinary meals in stuaning environments. Given their core competencies for quality and customer service, what strategy do you think Paige and Guillermo should pursue with their new restaurant? O a. Differentiation strategy Ob. Combination differentiation/low-cost leader strategy Oc Global strategy Od. Low-cost leader strategy QUESTION 11 GoLow.com, a budget travel website, was founded three years ago with a handful of employees. In the early days, there were no managers, and teams of employees would form organically to work on projects together. Communication flowed freely throughout the organization. Fortunately, the organization's innovative business model has been a huge hit, and the organization has grown dramatically to 300 employees to accommodate its operations, But there have been some issues with the way things have continued to operate. Employees frequently complain that they're not kept informed of key decisions, and there have been a number of occasions of wasted duplicate efforts. Which contingency factor most needs to be addressed in a redesign of the organization? O a. Environment Ob. Culture O. Technology Od. Strategy QUESTION 12 Midland Savings & Loan was once a small but thriving banking organization in the Midwest with about 30 branches. It was a tightly structured organization, and all employees knew their roles and were well-trained to do their jobs. Occasionally, upper management would respond to customer requests by making a small change in operations or developing a new product, but no one was formally assigned to develop innovations. Over time, the bank's customers dwindled, and the bank has just announced it will be closing its doors. Which contingency factor should have been addressed earlier in this organization? O a. Culture Ob. Environment OC. Size Od Strategy
Chapter1: Making Economics Decisions
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QUESTION 10
Paige, an experienced restaurant manager, and her partner Guillermo, an award-winning chef, are planning to open their own restaurant. With more than 20 years of experience between them, the pair are known for producing
extraordinary meals in stuaning environments. Given their core competencies for quality and customer service, what strategy do you think Paige and Guillermo should pursue with their new restaurant?
O a. Differentiation strategy
Ob. Combination differentiation low-cost leader strategy
O. Global strategy
Od. Low-cost leader strategy
QUESTION 11
GoLow.com, a budget travel website, was founded three years ago with a handful of employees. In the early days, there were no marnagers, and teams of employees would form organically to work on projects together. Communication
flowed freely throughout the organization. Fortunately, the organization's innovative business model has been a huge hit, and the organization has grown dramatically to 300 employees to accommodate its operations, But there have
been some issues with the way things have continued to operate. Employees frequently complain that they're not kept informed of key decisions, and there have been a number of occasions of wasted duplicate efforts. Which
contingency factor most needs to be addressed in a redesign of the organization?
O a. Environment
Ob Culture
O. Technology
Od. Strategy
QUESTION 12
Midland Savings & Loan was once a small but thriving banking organization in the Midwest with about 30 branches. It was a tightly structured organization, and all employees knew their roles and were well-trained to do their jobs.
Occasionally, upper management would respond to customer requests by making a small change in operations or developing a new product, but no one was formally assigned to develop innovations. Over time, the bank's customers
dwindled, and the bank has just announced it will be closing its doors. Which contingency factor should have been addressed earlier in this organization?
O a. Culture
Ob. Environment
O. Size
Od Strategy
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