While Carefully Developed Policies and Procedures Guide Behavior,they Need to Be

question 81

Multiple Choice

While carefully developed policies and procedures guide behavior,they need to be reinforced with all the following except

• A) effective communication.
• B) enforcement.
• C) monitoring.
• D) threats of dismissal.

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Definitions:

Product Differentiation

The approach of identifying unique aspects of a product or service to boost its attractiveness to a designated target market.

Market Power

The ability of a firm to influence or control the terms and conditions of the market to some degree.

Tacit Collusion

An implicit agreement among competitors to set prices or otherwise behave in a cooperative manner, often without explicit communication.

Market Share

The percentage of total sales in a market captured by a particular company, product, or brand.