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Bob’s Assembly is a hardware manufacturer. It specializes in builders’ hardware for doors, cabinets, windows, and bathrooms. Bob’s Assembly products are economical and more durable than 95% of its competitors’ products. This scenario illustrates the concept of _____.

Kathym, a company that sells women’s handbags, gives all its junior designers the opportunity to come up with their own original designs. The managers believe that providing them with challenging tasks will keep the designers interested and help them innovate. In the context of managing sources of innovation, which of the following concepts does this scenario best illustrate?

_____ is creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures.

E-commerce as an industry has grown dramatically over the past 20 years, owing to technological advances and sociocultural shifts in buying habits. The number of competitors in the industry has also grown dramatically because the cost of entry is much lower than brick-and-mortar retail, technological requirements are low, and regulation is minimal. Existing companies should understand that the _______________________________ is very high in their industry.

Prime Loader has three strategic business units (SBUs)—railway lines, banking, and coal mining. Because of a small market share, the company is not earning a profit in the banking sector, even though the banking sector is a fast-growing market. In the context of the BCG matrix, which of the following categories of SBUs best describes the banking unit?

Which of the following statements is true of a portfolio strategy?

Elotrik, a company that manufactures and supplies epilators, implements a marketing strategy to popularize its epilators and replace razors in the market. To counter this and stay in the market, the razor manufacturers introduce new offers and discounts. In the context of innovation streams, which of the following concepts does this scenario best illustrate?

Sun Technologies, a cell phone manufacturing company, decided to change the operating system of its phones to eliminate the problems faced by the users while using the current operating system. Before implementing the change, the marketing team of the company started creating advertisements that informed the users about the benefits of the new system in an attempt to make them believe that the change is for the better. In the given scenario, Sun Technologies is in the _____ phase of organizational change.

Break Technologies has five strategic business units (SBUs)—computers, refrigerators, washing machines, air conditioners, and televisions. Its computers unit is quite profitable in spite of operating in a slow-growing market, and it is profitable enough to provide funds for the operation of the other business units as well. In the context of the BCG matrix, which of the following categories of SBUs best describes the computers unit?

The managers at Richellath follow standing plans that broadly define the action that needs to be taken when their subordinates do not meet deadlines. These plans also discuss the intended outcome of the given action. Given this information, the standing plans in this scenario can be referred to as _____.