When Apple first introduced its first iPhone, it combined the phone, music player, and internet communications device. Furthermore, applications have been developed for people to have access to video games, books, movies, and social networks. As a result, the iPhone created an industry that has become a threat to many other industries. What is this phenomenon known as? Selected Answer: b. product differentiation Answers: a. backward integration b. product differentiation c. industry convergence d. customer myopia stion 18 0 out of 2 points The top management team at Company M are developing strategic plans to address potential future situations like an increase in material import costs, logistical delays from international shipments, an increase in interest rates, inflation, and a decrease in demand for the company's products. By doing so, the company will be well prepared with its planned responses if any of these situations occur. Thus, Company M is employing as the approach to the development of strategy. Selected Answer: c. top-down strategic planning Answers: a. pattern recognition b. reverse engineering c. top-down strategic planning d. Scenario planning When Apple first introduced its first iPhone, it combined the phone, music player, and internet communications device. Furthermore, applications have been developed for people to have access to video games, books, movies, and social networks. As a result, the iPhone created an industry that has become a threat to many other industries. What is this phenomenon known as? Selected Answer: b. product differentiation Answers: a. backward integration b. product differentiation c. industry convergence d. customer myopia stion 18 0 out of 2 points The top management team at Company M are developing strategic plans to address potential future situations like an increase in material import costs, logistical delays from international shipments, an increase in interest rates, inflation, and a decrease in demand for the company's products. By doing so, the company will be well prepared with its planned responses if any of these situations occur. Thus, Company M is employing as the approach to the development of strategy. Selected Answer: c. top-down strategic planning Answers: a. pattern recognition b. reverse engineering c. top-down strategic planning d. Scenario planning