What Is the Name Given to a Group of Individuals

question 103

Multiple Choice

What is the name given to a group of individuals working together to achieve shared job-related goals such as higher pay,shorter working hours,greater benefits,or better working conditions?

• A) Management organization
• B) Company hierarchy
• C) Labor union
• D) External organization
• E) Permanent employees

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit, leading to perfect information and prices that reflect supply and demand.

Spices

Aromatic or pungent plant parts, such as seeds, berries, bark, roots, or leaves, used to flavor or color food.

Fast-Food Restaurants

Eateries offering quick service and a range of foods that are prepared and served rapidly.

Competition Levels

Refers to the categorization of businesses or products based on their market share, size, or competitive intensity within an industry.