Mike wants to start his own laundry service. However, he intends to first study the market and consider factors such as who his competitors are, how they function, their market shares, and how he can attract prospective customers before he decides whether his plan is viable. Mike is engaging in ________.

Measuring the present socially responsible activities of an organization to assess performance in those areas is known as a/an ________.

Alderfer’s relatedness needs relate to Maslow’s ________ needs.

The set of forces and factors that positively or negatively impact an organization’s ability to compete within its marketplace are known as the ________.

Managers need to be cautious about biases that can encroach and therefore impact their decisions. Which one of the following biases results from believing certain outcomes because others believe the same?

According to McClelland, people who have the desire to do something better or more efficiently than it has ever been done before have a high need for ________.

The Razzmatazz Group of companies plans to launch a new flavor of crackers that is distinct and unusual. Which one of the following strategies is the company following to become more competitive?

Kreme Makeups, Inc., an SBU of Kreme Industries, offers a wide variety of makeup products and accessories for women. Although the market growth rate is high, the SBU’s current market share is low and it needs substantial investment. The parent company is trying to decide if Kreme Makeups has long-term sustainability before investing any more cash in it. In the context of the BCG matrix, this SBU of Kreme Industries would be classified as a ________.

________ involves improving the firm’s ability to execute strategies and focuses on new processes instead of new products.

Measuring the present socially responsible activities of an organization to assess performance in those areas is known as a/an ________.