If Applying the Lessons of Maslow's Hierarchy, What Would a Manager

question 59

Multiple Choice

If applying the lessons of Maslow's hierarchy, what would a manager first need to do if that manager wanted her employees to forge an emotional bond to their work?

• A) Hold employees accountable for pursuing social engagement.
• B) Give the employees very high material comfort.
• C) Improve the employees' self-esteem.
• D) Make the employees feel safe.

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Definitions:

Competition

The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion.

Business-stealing Externality

A situation where a new entrant in a market captures a portion of the incumbent firms' customers, causing economic losses to existing businesses.

Product-variety Externality

An economic effect where the variety of products available in the market impacts the welfare of consumers, often positively.

Efficient Scale

The level of production at which average total costs are minimized, indicating the most cost-effective scale of operation.