According to the Classical Theory of Formal Organizations,workers Are Motivated

question 43

Multiple Choice

According to the classical theory of formal organizations,workers are motivated almost entirely by

• A)economic rewards.
• B)fear of their superiors.
• C)norms of conformity to the group.
• D)the need for job satisfaction.

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Definitions:

Elastic Demand

A situation where the demand for a product or service varies significantly in response to changes in price.

Low-value Group

A classification referring to items or individuals perceived as offering less benefit, importance, or financial value compared to others.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different buyers.

High-value Customers

High-value customers are individuals or entities that generate a significantly higher profit margin or revenue for a business compared to the average customer.