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-When car companies consider using plastics rather than steel or aluminum, the s

ID: 357532 • Letter: #

Question

-When car companies consider using plastics rather than steel or aluminum, the steel and aluminum companies are facing

-The company's CEO puts pressure on the firm's R&D managers to develop products that can be created cheaply for the world's consumers. The firm would be following a ________ strategy:

-Imelda is meeting with other managers to discuss how the departments within her division can work together in the next twenty-four months to support the organization's goals. She is participating in

-Which of the following statements about biased decision making is true?

Explanation / Answer

The threat of substitutes: plastic is used as a substitute for iron and aluminum. Cost leadership: The Company wants to have a core competency with respect to cost, which their opponents won’t be able to match. Tactical planning: it is a shot-term strategic plan by company department or function. Biased decision meaning: When confronted with a choice, people with strong prior beliefs tend to make their decisions based on their beliefs even if their beliefs are false.