Which of the Following Is Not a True Statement Concerning

question 56

Multiple Choice

Which of the following is not a true statement concerning product market competition?

• A)In the absence of clear evidence of on productivity differences,costs need to be closely monitored.
• B)Organizations compete on multiple dimensions (e.g. ,quality,service,and price).
• C)It is the degree to which an organization must pay to compete against other companies that hire similar employees.
• D)It places an upper bound on labour costs and compensation.

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Definitions:

Operation

A series of actions or steps taken to achieve a particular end.

Lack of Experience

The absence or deficiency of practical contact with, and observation of facts or events in a particular field.

Business Operations

Encompasses all the activities and tasks that a business engages in on a day-to-day basis to run smoothly and efficiently, delivering goods or services to customers.

Essentials

Fundamental elements or components necessary for the basic functioning or success of a system, organization, or activity.