Briefly Describe Two of the Five Adopter Groups

question 8

Essay

Briefly describe two of the five adopter groups.

---

Definitions:

Management Attitude

Refers to the perspectives, beliefs, or stances that management personnel hold towards workers, workplace policies, business objectives, and other management-related aspects.

Market Imperfections

Situations in which market conditions diverge from the ideal of perfect competition, leading to inefficiencies such as monopolies or lack of information.

Market Competition

The competitive rivalry between companies in a marketplace, where businesses vie for a larger share of consumers through pricing, product differentiation, and customer service.

Industrial Relations School

An academic field that studies employment relationships, including aspects of labor, management, and governmental roles.