Which of the Following Statements Is True of Direct Competition

question 18

Multiple Choice

Which of the following statements is true of direct competition? 

• A) ​It is determined by two factors: market commonality and resource. 
• B) ​It does not follow a consistent strategy. 
• C) ​It uses cost leadership to produce a specialized product for limited customers. 
• D) ​It minimizes the effects of industry competition.

Understand the concept and importance of ethical decision-making in organizations.

Identify the key components of ethical decision-making, including ethical intensity, ethics-based principles, concern for affected individuals, benefits and costs, and determination of rights.

Recognize the impact of organizational culture and formal ethics programs on ethical misconduct.

Differentiate between various justice principles, such as distributive justice, procedural justice, and interactional justice.

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Definitions:

Involved Alcohol

Pertains to situations or incidents where alcohol plays a contributing role or is a key factor.

Single Vehicle

Often describing accidents, involving only one vehicle that does not collide with another vehicle but may hit an object or roll over.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time.

Upper Class

In statistics, this often refers to the highest interval or category in a distribution; in sociology, it refers to the group of individuals at the top of a social hierarchy based on wealth, education, or power.