In the Industry Attractiveness-Business Position Matrix

question 13

Multiple Choice

In the industry attractiveness-business position matrix:

• A)size and growth are criteria used to determine the business's competitive position
• B)relative share is more important than patents
• C)price levels and profitability require a harvest/divest strategy
• D)competitive intensity and profitability are two of the factors that assist determine industry attractiveness

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Definitions:

Wisconsin Public Sector

Refers to the portion of Wisconsin's economy that is controlled and operated by government entities, including state and local government jobs and services.

Collective Bargaining

A process where employers and representatives of employees negotiate terms of employment, including wages, hours, and working conditions.

Base Wages

The initial or minimum amount paid to an employee for their services, excluding any additional benefits, bonuses, or overtime.

Landrum-Griffin Act

A 1959 United States federal law that regulates labor unions' internal affairs and their officials' relationships with employers.