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:

Better Paid

Describes a position or job that offers a higher salary compared to others, often reflecting skill level, experience, or demand.

Foreign Workers

Employees from other countries working in a nation different from their homeland, often to fill labor shortages.

Tariff

A tax on imported goods.

Shifts

refers to movements or changes in economic indicators, demand/supply curves, or other economic paradigms, often due to external factors.