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Vendor: Admission Tests
Exam Code: GMAT
Exam Name: Graduate Management Admission Test (2022)
Certification: Graduate Management Admission Test
Total Questions: 429 Q&A
Updated on: Dec 18, 2024
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The hotel industry now offers a great many gradations of service, giving rise to odd concepts such as "luxury budget." and innkeepers must struggle constantly to find a corner of the market and then to compete at the appropriate level of service.
A. giving rise to odd concepts such as luxury budget/ and innkeepers must
B. so that it gives rise to odd concepts such as "luxury budget" and innkeepers having to
C. to giving rise to odd concepts such as "luxury budget," with innkeepers having to
D. giving rise to odd concepts such as "luxury budget," with innkeepers who must
E. giving rise to odd concepts, such as "luxury budget" and innkeepers who are having to
Many companies today are making new product development a central element of their competitive strategy. Because the potential benefits of successful product innovation are great--prolonged growth, superior financial returns, and strong investor interest-many companies offer employees incentives such as promotions and bonuses for developing new products, incentives not offered for innovations in other areas of the business, firms' priorities can also be shaped by their measurement systems, since these systems can directly measure returns from new products more immediately than they can measure returns from investments in such areas as organizational restructuring or innovations in marketing. But the organizational culture of such companies can hurt them in the marketplace because a narrow focus on product development can ultimately detract from a firm's performance. For instance, a company's ability to profit from new products can be severely hampered if it has neglected other functions and business processes. If a company develops a superior new product but is unable to distribute and promote t rapidly, competitors with better distribution systems may copy the product and introduce It into the market before the innovator can profit from its innovation. In contrast, effective distribution, marketing, and accounting systems-that is, strong overall business systems -can act as entry barriers, deterring would-be competitors from entering a particular
It can be inferred from the passage that the author would be most likely to agree with which of the following statements about organizational culture?
A. Organizational culture is the primary determinant of a company's competitive position in a given market.
B. Many companies' organizational cultures are such that employee contributions in certain areas that might enhance those companies' competitiveness are not rewarded.
C. The narrowness of many companies' organizational cultures is evident in those companies' failure to reward sufficiently those employees who help to develop successful new products.
D. A company's organizational culture is likely to undergo significant change if the company is able to develop a new product and market it successfully.
E. The nature of a company's organizational culture tends to be more evident in Is distribution system than in its degree of commitment to new product development.
Motor-scooter dealers attribute a drastic decline in sales over the last few years to a new law requiring motor-scooter riders to wear helmets. Previously, helmets had been obligatory for motorcycle riders but not for motor-scooter riders--a difference that the dealers argue made scooters preferable for many customers. Safety advocates, however, dispute the dealers' explanation, pointing out that the law's introduction coincided with a large increase in the cost of mandatory insurance for both types of vehicle. In evaluating the safety advocates' and the dealers' explanations, it would be most helpful to know which of the following?
A. Whether there were any motor-scooter riders who regularly wore helmets before the law required them to do so
B. Whether the cost of mandatory insurance for other motor vehicles has increased at the same rate as the insurance cost for motor scooters and motorcycles
C. How the accident rate for motor scooters compares to the accident rate for motorcycles
D. How sales of imported motor scooters have changed compared with sales of domestically produced models
E. How sales of motorcycles that are close in purchase price to motor scooters have changed over the period that scooter sales have declined
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