Business

Setting high goals can be motivating and beneficial for an organizatio

QUESTION Setting high goals can be motivating and beneficial for an organization. However, according to SMART goal setting, if goals are extremely aggressive and too high to achieve the biggest risk involved is ________. a. disappointment and loss of morale b. not clearly defining the goal c. excitement and loss of morale d. not knowing […]

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Date: September 3rd, 2020

Technology has created new modes of innovation. Explain this statement

QUESTION Technology has created new modes of innovation. Explain this statement with an example. What will be an ideal response?   ANSWER Companies like Google, Facebook, and Apple are changing the nature of innovation by allowing customers to use technology to create unique, personalized products and services. No two Google homepages or iTunes libraries are […]

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Date: September 3rd, 2020

Compare and contrast a monopoly and a monopolistic competition. What

QUESTION Compare and contrast a monopoly and a monopolistic competition. What will be an ideal response?   ANSWER In a monopoly, there is only one seller in the marketplace, which is almost impossible to enter. The product is unique, meaning there are no substitutes for it. Public utilities are an excellent example of monopolies. In […]

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Date: September 3rd, 2020