Which of the Following Is Most Responsible for the Shrinking

question 85

Multiple Choice

Which of the following is most responsible for the shrinking number of competitors in almost every major industry?

• A)declining materialism and a return to more basic values
• B)acquisition of competitors
• C)patents that create barriers to entry
• D)unfair consumer protection laws
• E)predatory pricing

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Definitions:

Overspecialized Work

Occurs when jobs or tasks are narrowly defined, limiting employees' scope of responsibilities and potentially hindering flexibility and growth.

Job Enlargement

The process of increasing the variety and number of tasks in a job to enhance job satisfaction and avoid employee boredom.

Boredom

A state of feeling disinterested and unengaged with one's current activity or surroundings, often due to a lack of stimulation or novelty.

Cross-training Programs

Cross-training programs involve training employees to perform tasks or duties outside their usual roles to increase flexibility and efficiency within an organization.