The Following Examples Illustrate How Various Sectors Can Impact Organizations

question 31

Multiple Choice

The following examples illustrate how various sectors can impact organizations:

• A) in the industry sector, labor unions are a significant force.
• B) in the market sector, we see an increasing number of foreign-owned manufacturing plants built in the U.S.
• C) in the raw materials sector, we note that steel makers owned the beverage can market until the mid-1960s.
• D) in the human resources sector, brand names are fighting it out with lower-cost store brands.

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Definitions:

Value

The importance, worth, or usefulness of something, often influenced by social norms and individual perceptions.

Less Valuable

Considered to have lower worth or importance in comparison to something else.

George Homans

An American sociologist known for his work in developing social exchange theory, which posits that the exchange of goods, services, and social values plays a key role in the formation of social relationships.

Success-Stimulus

The principle that success in a certain activity or field encourages continued action and effort in that or similar activities.