Which of the Following Provides the Best Description of an Organizational

question 18

Multiple Choice

Which of the following provides the best description of an organizational niche?

• A) Once found, it makes the process of retention occur.
• B) It is a person within an organization who is highly specialized.
• C) It is a domain of unique environmental resources and needs.
• D) It is found only in Japanese organizations.

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Definitions:

Substitutable Products

Goods or services that can serve as replacements for each other; demand for one increases when the price of the other increases.

Sold

The past tense of sell, indicating that an item or service has been exchanged for money or its equivalent.

Price Fixing

An unlawful agreement between competitors to establish, raise, or maintain prices at a certain level, often aimed at maximizing profits by eliminating competition.

Distributor

An intermediary entity that buys products from manufacturers and sells them to retailers or directly to consumers.