32) As the CEO of Blue Corp., Terrell makes it a point to meet new hires at all levels of his organization. He explains the goals of the company and emphasizes the importance of an individual employee's role in the larger picture. This initiative of Terrell focuses on the of performance management.

Strategic purpose

Explanation:

In management , strategic purpose refers to a form of managerial action that is intended to achieve one specific goal/aspect of the operation.

Strategic purpose is intended to help the company meet its objectives in the long run, but the implementation of strategic purpose tend to be realized within the short period of time.

In the example above, the strategic purpose of the management is to increase individual employees role. In the long run, this most likely done in order to increase the company's overall efficiency since independent employees require very little supervision.

answer; rapid growth in buyer demand and high buyer switching cost;