Which of the following is the lesson learned from the Edsel story?
A. It is not necessary to conduct extensive market research.
B. Car design should focus on being competitive on the road.
C. Stakeholder perceptions have a large impact on success.
D. Car manufacturers need to
Ans: C. Stakeholder perceptions have a large impact on success.
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Sue's office building was damaged by a fire caused by a careless tenant. After paying Sue for the loss, the insurance company sued the tenant to recover its loss. This suit is based on the principle of
A) warranty. B) insurable interest. C) utmost good faith. D) subrogation.
The task environment
A) includes those elements or groups within an organization's industry. B) encompasses the physical working areas of the organization. C) is an accounting of the many jobs within an organization. D) is an advisory committee to top-management. E) includes general forces that only indirectly affect an organization's activities.