Even When an Industry Is in Overall Decline, There May

question 23

True/False

Even when an industry is in overall decline, there may be pockets of profitability.

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Definitions:

Work Inputs

The efforts, skills, knowledge, and competencies that employees bring to a job or task in order to achieve the desired outputs or results.

McClelland's Motivation Theory

A theory that identifies three primary motivational needs: the need for achievement, the need for affiliation, and the need for power, which influence human behavior.

Need For Achievement

An individual's desire for significant accomplishment, mastering of skills, control, or high standards.

Need For Affiliation

A person's desire to build and maintain strong, positive relationships with others.