__________ Are Work Systems That Maximize the Fit Between the Company's

question 31

Multiple Choice

__________ are work systems that maximize the fit between the company's social system and technical system.

• A)High-efficiency work systems
• B)Virtual teams
• C)Functional work systems
• D)High-performance work systems

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Definitions:

Price Takers

Entities in a market that accept the prevailing prices because they do not have enough market power to influence prices themselves.

Product Differentiation

A business tactic employed to differentiate their product in the market from those that are similar.

Marginal Revenue

The increase in income resulting from the sale of an extra unit of a good or service.

Average Revenue Curve

A graphical representation showing how the average revenue per unit sold varies with the quantity sold.