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According to Michael Porter, a company’s competitive advantage is the

Risk from volatility in foreign currencies, interest rates, and commodities is an example of what risk?

According to Michael E. Porter's generic strategies model, a firm that successfully adopts a differentiation strategy is most likely to

UY is a manufacturer of motor vehicles. It has recently decided to start manufacturing motorbikes and scooters in an attempt to provide what UY’s Managing Director referred to as ‘a full range of transport solutions to our customers’.

Which ONE of the following types of diversification is UY undertaking?

QQS is a business that sells gravel and stone. It has recently announced the launch of a new purchasing system which it has publically stated ‘will help our business to reduce its inventory management costs by fifteen percent per annum’.

Employees in the purchasing department of QQS have stated their opposition to the introduction of the new system, as they are convinced that the cost savings will be through job losses within the department.

In fact, QQS is planning to make the savings through reduced inventory holding costs thanks to the new system allowing them to reduce the amount of inventory held at any given time.

However, QQS’s management have yet to explain this to staff.

According to Kotter and Schlesinger, which ONE of the following four reasons for resistance best explains the reaction of QQS’s purchasing department staff?