The Third Step in Succession Planning Is to

question 77

Multiple Choice

The third step in succession planning is to .

• A)select who will fill key positions
• B)create an applicant pool
• C)identify and analyze key jobs
• D)assess candidates
• E)analyze the strengths of current employees

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Definitions:

Conglomerate Mergers

The combination of two or more corporations engaging in entirely different businesses into a single corporate structure, typically to diversify business interests and investments.

Rapidly Changing Technology

Refers to the swift evolution and innovation in technology that impacts industries, markets, and society at large.

Natural Monopoly

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

Lower Cost

A situation where the expenses involved in producing a good or service are reduced, leading to potential savings.