If a Major Firm Suddenly Creates a New Product Which

question 73

Multiple Choice

If a major firm suddenly creates a new product which makes the products of its competitors obsolete, this is an example of a force in which type of environment?

• A)general environment
• B)economic environment
• C)task environment
• D)legal environment
• E)political environment

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Definitions:

Decentralized Bargaining

A labor negotiation strategy where bargaining takes place at the level of individual workplaces or departments rather than across an entire industry or sector.

Attitudinal Structuring

A process in labor negotiations focused on building trust and positive attitudes between negotiating parties to facilitate agreement.

Labor-Management

Refers to the interactions and negotiations between employees, often represented by a union, and the management of a company regarding work conditions, wages, and policies.

External Data

Information that originates outside of an organization, used for benchmarking, market analysis, or external monitoring.