Orion Enterprises Wants to Provide Employees with a Web-Based Library

question 87

Multiple Choice

Orion Enterprises wants to provide employees with a Web-based library of career development materials,as well as individual career coaches and career workshops.Which term best describes the program that Orion plans to offer?

• A) career organization
• B) vocational training
• C) work sampling
• D) career center

---

Definitions:

Oligopoly

An oligopoly is a market structure characterized by a small number of large firms that dominate the market, leading to higher prices and restricted output compared to a competitive market.

Differentiated Products

Products that are distinct from one another on the basis of quality, design, features, branding, or some other attribute.

Standardized Products

Goods that are uniform in quality and specifications across producers and can be easily substituted for one another.

Strategic Behavior

Actions taken by firms or individuals that consider the anticipated responses or strategies of other market participants or competitors.