What is true of organizational inertia and habit?

A) Habit is why it is hard for individuals to change.
B) Inertia is why it is hard for an organization to change.
C) Both A and B.
D) Neither A nor B.

C

Business

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V&E Bridal Design Shop caters to engaged couples who desire a traditional Eastern Asian wedding ceremony. The brides-to-be who shop at this store are typically Japanese, Laotian, Vietnamese, Korean, or Chinese

This retailer has used ________ to identify a market segment. A) psychographics B) geography C) demographics D) socioeconomics E) its merchandise mix

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Stage 1 of the industry life cycle is characterized by all of the following EXCEPT:

A) there is little demand for the company's products and services. B) the firm's revenue is low but there are high prospects for growth. C) competition is fierce and profit margins begin to narrow. D) firms need a significant amount of cash in order to grow.

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