Organizations following a(n) ________ strategy try to both minimize risk and maximize opportunity for profit, moving into new products or new markets only after innovators have proven their viability.
A) innovation
B) cost-cutting
C) imitation
D) technology
E) mechanistic

Question

Quizplus · Accepted Answer

The description provided fits the strategy of imitation, in which organizations wait for proven success before entering new markets or developing new products, thus minimizing risk and maximizing profit opportunity. The other answer choices do not fit the provided description.

Organizations Following A(n) ________ Strategy Try to Both Minimize Risk