When Managers Become Aware of Potential Discrimination, They Need to Act

question 128

True/False

When managers become aware of potential discrimination, they need to act proactively to address the potential problem and review the organization's policies and practices to determine if changes are needed.

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Low Supplier Power

Refers to a market condition where suppliers have limited control over the price and terms of products and services due to high competition or low demand.

Threat from Substitutes

The potential for consumers to switch to alternative products that fulfill the same need, affecting demand.

Levels of Rivalry

Levels of rivalry refer to the intensity and number of competitors in a market or industry, impacting the competitive dynamics and strategy decisions of firms.