Explanations for the Decline in U

question 48

Multiple Choice

Explanations for the decline in U.S. productivity in the 1970s and 1980s include all of the following except :

• A) difficulties with measuring service sector output.
• B) the entry into the labor force of many young, inexperienced workers.
• C) a wave of corporate mergers that reduced competition.
• D) rising oil prices.

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Definitions:

Capacity Allocation

The process of distributing available resources or production capabilities among various tasks, projects, or departments to optimize efficiency.

Facility Role

The specific function or purpose that a facility serves within the operations of a business, such as manufacturing, storage, or administration.

Split the Market

A strategy where a market is divided into segments to target specific groups of consumers.

Price Advantage

The benefit or competitive edge that comes from offering lower prices than competitors.