All of the Following Situations Are Conducive to Market Development

question 38

Multiple Choice

All of the following situations are conducive to market development except

• A)when new untapped or unsaturated markets exist.
• B)when an organization's basic industry is becoming rapidly global in scope.
• C)when an organization is very successful at what it does.
• D)when an organization competes in a high- growth industry.
• E)when an organization has excess production capacity.

Illustrate how self-disclosure can impact group dynamics and organizational behaviour.

Assess ways to effectively manage self-disclosure for better interpersonal relations and personal well-being.

Understand the concept and mechanisms of self-disclosure and its levels as identified by John Powell.

Learn about the Johari Window and its panes (open, blind, hidden, unknown) and how they relate to self-awareness and interpersonal relationships.

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Definitions:

Market Shares

Represents the percentage of an industry's sales that a particular company controls.

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.

Economies of Scale

Economies of scale occur when increasing the production scale leads to a decrease in the long-term average costs, often due to more efficient use of inputs.

Exclusive Franchise

A legal agreement granting one party the sole right to sell or distribute a company's products or services in a particular market area.