Richard's Company Was Recently Purchased by a Big Conglomerate

question 82

Multiple Choice

Richard's company was recently purchased by a big conglomerate. Everyone in the office was on board with this news except for Abigail. Richard told Abigail that if she did not agree to the new merger then he was going to demote her once the process was over. Richard has used which form of reducing resistance to change?

• A) negotiation
• B) participation
• C) coercion
• D) manipulation

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Definitions:

Oligopolies

Market structures characterized by a small number of firms that have significant control over market prices and competition.

Tacit Collusion

An unspoken, informal agreement among competitors to limit competition, such as by fixing prices or dividing market territories, without explicit communication.

Price Effect

The impact that a change in the price of a good or service has on consumers' demand for that good or service.

Output

The quantity of goods or services produced in a given time period.