The Life Cycles of Many Products Are Becoming Shorter

question 61

Multiple Choice

The life cycles of many products are becoming shorter

• A)causing companies to recognize that it may be more advantageous to confront,rather than compete with,the competition.
• B)making products in the maturity stage of their life cycle the basis on which firms expect growth to be generated.
• C)so companies spend less and less on product design and development because products will not last as long as previously.
• D)meaning that tools such as benchmarking and target costing become less important in adapting to the competitive environment.

Recognize the importance and effects of work design elements such as job sharing, compressed workweek, and flexible working hours.

Comprehend the impact of stress in the workplace and individual well-being.

Understand the concept of personal wellness and stress management strategies.

Describe the job characteristics model and its core dimensions.

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Definitions:

Job Responsibilities

Specific duties, tasks, and roles associated with a particular job that an employee is expected to perform.

Predictable Ways

Actions or patterns of behavior that can be expected based on previous occurrences or established norms.

Mechanistic

Describes an organization structured with clear, rigid procedures and divisions, often likened to a machine in its operation.

Significant Economies

Large-scale benefits or savings achieved through the efficient production or operation scale, often resulting in competitive advantage.