Q6. You have been asked to report on the competitive environment in the restaurant industry; therefore, you develop the necessary to decide how to manage in the given environment. A. Benchmarking B. Switching Cost C. Competitive Intelligence D. Historical Trends E. Barriers to Entry Q7. Dennis, a senior manager at VPR Corporation, is considering the acquisition of a revolutionary water treatment technology from a small development firm. The asking price is $5 million. However, the environmental uncertainty of the water treatment marketplace is both complex and dynamic. Dennis wants to acquire the new technology but seeks to manage the risk associated with his decision, or "hedge his bets." Key ways to cope with the uncertainty would be to A. gain competitive intelligence through environmental scanning, develop business scenarios, forecast sales, and benchmark the technology. B. decide upon a clan (collaborate), adhocracy (create), hierarchy (control), or market (compete) culture from which to market the technology. C diversify, merge, divest, prospect, or defend the technology. D. buffer, smooth, and empower in order to manage the technology supply chain. E. establish visible artifacts; develop symbols, rites, and ceremonies; and develop stories about the technology. Q9. Which organizational culture's objectives are productivity, planning, and efficiency? A. Adhocracy B. Clan C. Collaboration D.Hierarchy E. Market Q10. A hierarchical organizational structure values individuals will comply with the organizational mandates when roles are stated formally and enforced through rules and procedures. A. flexibility B. business acumen C. stability D. external control E. change and assumes that
Q6. You have been asked to report on the competitive environment in the restaurant industry; therefore, you develop the necessary to decide how to manage in the given environment. A. Benchmarking B. Switching Cost C. Competitive Intelligence D. Historical Trends E. Barriers to Entry Q7. Dennis, a senior manager at VPR Corporation, is considering the acquisition of a revolutionary water treatment technology from a small development firm. The asking price is $5 million. However, the environmental uncertainty of the water treatment marketplace is both complex and dynamic. Dennis wants to acquire the new technology but seeks to manage the risk associated with his decision, or "hedge his bets." Key ways to cope with the uncertainty would be to A. gain competitive intelligence through environmental scanning, develop business scenarios, forecast sales, and benchmark the technology. B. decide upon a clan (collaborate), adhocracy (create), hierarchy (control), or market (compete) culture from which to market the technology. C diversify, merge, divest, prospect, or defend the technology. D. buffer, smooth, and empower in order to manage the technology supply chain. E. establish visible artifacts; develop symbols, rites, and ceremonies; and develop stories about the technology. Q9. Which organizational culture's objectives are productivity, planning, and efficiency? A. Adhocracy B. Clan C. Collaboration D.Hierarchy E. Market Q10. A hierarchical organizational structure values individuals will comply with the organizational mandates when roles are stated formally and enforced through rules and procedures. A. flexibility B. business acumen C. stability D. external control E. change and assumes that
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Q6. You have been asked to report on the
competitive environment in the restaurant
industry; therefore, you develop the
necessary to decide how to
manage in the given environment.
A. Benchmarking
B. Switching Cost
C. Competitive Intelligence
D. Historical Trends
E. Barriers to Entry
Q7. Dennis, a senior manager at VPR
Corporation, is considering the acquisition of
a revolutionary water treatment technology
from a small development firm. The asking
price is $5 million. However, the
environmental uncertainty of the water
treatment marketplace is both complex and
dynamic. Dennis wants to acquire the new
technology but seeks to manage the risk
associated with his decision, or "hedge his
bets." Key ways to cope with the uncertainty
would be to
A. gain competitive intelligence through
environmental scanning, develop business
scenarios, forecast sales, and benchmark the
technology.
B. decide upon a clan (collaborate),
adhocracy (create), hierarchy (control), or
market (compete) culture from which to
market the technology.
C diversify, merge, divest, prospect, or
defend the technology.
D. buffer, smooth, and empower in order to
manage the technology supply chain.
E. establish visible artifacts; develop symbols,
rites, and ceremonies; and develop stories
about the technology.
Q9. Which organizational culture's objectives
are productivity, planning, and efficiency?
A. Adhocracy
B. Clan
C. Collaboration
D.Hierarchy
E. Market
Q10. A hierarchical organizational structure
values
and assumes that
individuals will comply with the organizational
mandates when roles are stated formally and
enforced through rules and procedures.
A. flexibility
B. business acumen
C. stability
D. external control
E. change
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