Labor Strikes Are an Example of Which of the Following

question 9

Multiple Choice

Labor strikes are an example of which of the following internal change factors?

• A) workforce composition
• B) new equipment
• C) employee attitudes
• D) organizational strategy

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Definitions:

Normal Return

The minimum profit needed for a company to remain competitive in the market, covering its opportunity costs.

Government Regulates

The process by which governments impose rules and directives to govern the operation of markets and industries, often to protect consumers and maintain fair competition.

Barrier To Entry

Barriers to entry are obstacles or impediments that make it difficult for new entrants to enter a particular market, such as high start-up costs, strict regulations, or strong brand loyalty among consumers.

Economies Of Scale

Economies of scale are cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with the increase in scale of operation.