Pressures for Cost Reduction Are Intense in Industries Where

question 41

Multiple Choice

Pressures for cost reduction are intense in industries where

• A) major competitors are based in high-cost locations.
• B) consumers are weak and face high switching costs.
• C) there is persistent excess capacity.
• D) the company is located in a low-cost location.

Understand the difference between production-centered and people-centered management in health care organizations.

Recognize the importance of addressing the diverse needs of employees with varying education and capabilities.

Grasp the significance of participative management and the value of soliciting input from all staff levels.

Appreciate the role of managerial visibility and accessibility in employee relationship building.

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Definitions:

One-shot Events

Occurrences or activities that happen only once, often used in the context of experiments, promotions, or educational workshops.

Recruit Volunteers

The process of finding and encouraging individuals to offer their time and skills for a cause or organization without financial compensation.

Positive Feedback

A response or information that reinforces a particular behavior or action, encouraging its repetition or enhancement.

Thank-you Note

A written expression of gratitude towards someone for a gift, service, or kindness they have provided.