Firms Must Consider the Possible Reaction of Rivals to Their

question 30

Multiple Choice

Firms must consider the possible reaction of rivals to their own decisions and actions in which of the following markets?

• A)monopolistic competition
• B)monopoly
• C)oligopoly
• D)pure competition

---

Definitions:

Job Rotation

A variation of job enlargement in which workers are exposed to a variety of specialized jobs over time.

Herzberg's Two-Factor Theory

A theory proposing that job satisfaction and dissatisfaction arise from two distinct sets of factors—motivators (e.g., achievements) and hygiene factors (e.g., salary).

Job Enrichment

The process of designing jobs to incorporate higher levels of motivating factors, including opportunities for achievement, recognition, responsibility, and personal growth.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, organized in a five-tier model of human needs, from basic physiological needs to self-actualization.