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In a free,competitive market,what is the rationing mechanism?
Managers
Individuals responsible for directing and overseeing the operations and employees of an organization or a part of an organization.
Non-Profit Firms
Organizations that operate for purposes other than generating profit, focusing on a specific social cause or advocacy.
Employee Incentives
Programs or rewards designed to motivate employees and align their actions with organizational goals.
Economic Darwinism
Differential variations among firms’ organizational architectures, decision processes, or technologies that affect firms’ chances of survival in a competitive environment. Natural selection is the process whereby those differential variations that increase an organization’s chances of survival will tend to be imitated and become more prevalent in other firms. Managers will not imitate management practices of failing firms but those of successful firms.
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