An Important Aspect of __________ Is the Belief That Organisation

question 77

Multiple Choice

An important aspect of __________ is the belief that organisation members should never be satisfied with performance.

• A) continuous improvement
• B) performance appraisal
• C) supply chain analysis
• D) performance management
• E) human resources management

---

Definitions:

Cartels

Formal agreements among competing firms to control prices or exclude entry of a new competitor in a market.

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Collusion

An agreement between two or more parties, often in a secretive manner, to limit open competition by deceiving or defrauding others of their legal rights, or to obtain an objective forbidden by law, typically by defrauding or gaining an unfair market advantage.

Homogeneous Product

A product or service that is perceived by consumers as identical in all essential features and quality to a product or service offered by competing companies.