________ Is Considered the Most Effective Step Managers Can Take

question 19

Multiple Choice

________ is considered the most effective step managers can take to stimulate creativity.

• A)Giving employees complete freedom to influence the process used to perform their jobs
• B)Providing an appropriate level of job-related challenge
• C)Affording appropriate time to perform a job optimally
• D)Establishing work groups to achieve greater diversity
• E)Promoting information sharing and collaboration as related to solving organizational problems

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Definitions:

New Markets

Market segments or geographical areas that were previously unexplored or underexploited by a business or industry.

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly as its price changes.

Price Elasticity of Demand

An index showing the extent to which demand for a product changes in reaction to a variation in its price, where an elasticity exceeding one signifies a strong response.

Determinants

Factors or elements that contribute to producing a particular result or outcome.