What Is the Most Accurate Statement About Online, Video, and Virtual

question 74

Multiple Choice

What is the most accurate statement about online, video, and virtual interviews? 

• A)Online, video, and virtual interviews are rare.
• B)Virtual interviews save job applicants money but are very costly for companies.
• C)The same rules apply whether you are interviewing face-to-face or taking part in an online or virtual interview.
• D)All of these statements are accurate.

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Definitions:

Industry Concentration

The extent to which a small number of firms dominate the total sales, production, or capacity of an industry.

Economies of Scale

Operational scale brings about cost reductions for firms, with each unit's production cost decreasing as the operation's scale enlarges.

Economies of Scale

The cost advantage that arises with increased output of a product, as fixed costs are spread over more units of production.

Price Competition

A market situation where sellers compete primarily on the price of their goods or services, often leading to lower prices for consumers.