A. Businesses can use their the game B. resources to create profit as long as th

Question

A. Businesses can use their the game B. resources to create profit as long as they do so within the r ms should not go beyond their economic responsability to increase oformance ules of C. Firms should define value creation more narrowly in terms D. O, Businesses should long as their competitors do so. engage in open and free competition without deception or nancial performance fraud, only as Q 7) Veronica sets they fin tha business consulting firm in which the employees are motivated because assigned tasks. nthe means d their work nteresting and creative. She carefully hires workers who fit well with their Also, she clearly defines the resuits expected of each worker, but allows the ers to determine the means to these resuits. Which of the following best describes Veronica's business? A a firm that relies on high input controls to tap into intrinsic motivation B. a firm that relies on high input controls to tap into extrinsic motivation C. a firm that relies on high output controls to tap into intrinsic motivation D. a firm that relies on high output controls to tap into extrinsic motivation Q 8) Norce Autos Inc. allows its customers, suppliers, researchers, and the community in general to contribute their ideas toward new product developments. interested stakeholders can let the company know what new features they want to see in their Customers and other solve, it posts the problem on its website and allows people from the external community to provide solutions. In this scenario, Norce Autos Inc. is primarily leveraging its A. economies of scope. B. open innovation model. C. razor-razor-blade business model. D. experience-curve effects. next car. If the company faces any technical complexities that its internal R&D; team cannot Q 9) Virtue Products Inc., a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. This apart, the company does not solely depend on outside distributors to reach its customers. In fact, it has its own retail stores to distribute its products. In this scenario, which of the following alternatives to vertical integration is Virtue Products applying? B. taper integration C. horizontal integration D. conglomerate integration capture a larger market share than what the two entities individually held. What does this scenario best illustrate? Q 10) Olympia Autos Inc. merged with its competitor Vaca Autos Inc. This allowed Olympia Autos to use its technological competencies along with Vaca Autos' marketing capabilities to A. backward integration B. forward integration C. horizontal integration Q 11) In developed economies, the electric car industry is in the introduction stage, and the industry for MP3 players is in the shakeout phase. What does this imply? A. The mode of competition in the electric car industry will be based on price, whereas in the MP3 player industry, the mode of competition will be non-price based. D. vertical integration

Explanation / Answer

7) C is correct

The firm allows to use any means to get the desired output, which is high output controls. Intrinsic motivation is driven by employee's interest and work.

8) B is correct

It does not depend on internal R&D only for innovation. It depends on both internal and external R&D for innovation.

9) B is correct

Because firm has a mix of vertical integration and market exchange. It does not depend on internal subsidiaries for inputs only.

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