In the Closing Decades of the Nineteenth Century, Many Industries

question 56

Multiple Choice

In the closing decades of the nineteenth century, many industries in the U.S. economy were dominated by a single firm that had most of the sales for the entire country. In many cases these large firms were _______.

• A) as efficient and innovative as they could be
• B) organized in the legal form of a trust
• C) able to provide consumers with the lowest price products
• D) using illegal practices to dominate the US economy

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Definitions:

Tell And Sell

A sales strategy where the seller provides information about the product's features and benefits and then attempts to persuade the customer to make a purchase.

Evaluation Interview

An evaluation interview is a formal discussion between a supervisor and an employee to review the employee's performance and set future goals.

Performance Standards

Benchmarks or criteria established to evaluate the effectiveness and efficiency of employees' work performance.

Performance Management

The ongoing process of communication and feedback between a supervisor and an employee to reach the organization's goals.