Match Each Item with a Statement Below

question 7

Multiple Choice

Match each item with a statement below:

-An example of a generic strategy

• A)oligopoly
• B)perfect competition
• C)low-cost leadership
• D)economies of scale
• E)external environment
• F)strategic group
• G)monopolistic competition
• H)market niche
• I)monopolies
• J)value chain

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Definitions:

Change To Win

Change to Win is a partnership of American labor unions aiming at revitalizing the labor movement and bringing economic justice to workers through organizing and advocacy.

Recruiting

The process of finding, attracting, and hiring suitable candidates for jobs within an organization, often involving diverse strategies and tools.

Labor Union Membership

The number of workers enrolled in labor unions, organizations that advocate for their interests.

Labor Force

The labor force comprises all the working-age people in an economy who are either employed or actively looking for work.