A Low Market-Penetration Index Indicates ________

question 133

Multiple Choice

A low market-penetration index indicates ________.

• A) substantial growth potential for all firms
• B) it will be expensive for the firms to attract the few remaining prospects
• C) the rival firms try to capture greater market share by lowering their product price
• D) the profit margins of the firms decline
• E) the firms cannot raise demand substantially by raising its market expenditure

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Definitions:

Flexible Working Hours

Employment terms that allow employees to choose their working hours within certain agreed-upon limits to balance work and personal life.

Daily Work Hours

The number of hours an individual is expected to work each day, which can vary based on the employer, job role, and country's labor laws.

Greater Autonomy

The increased independence and freedom to make decisions without external control, often leading to higher job satisfaction and productivity.

Absenteeism

The habitual non-presence of an employee at their job, which can be a sign of workplace issues such as dissatisfaction or health problems.