Michael Porter's "Attractiveness Test" Means That a Firm Considering Diversifying

question 36

Multiple Choice

Michael Porter's "attractiveness test" means that a firm considering diversifying into another industry should

• A)see that the barriers to entry to that industry are low.
• B)be able to see a way to make superior profits in that industry.
• C)also consider how unattractive their existing industry is, by comparison.
• D)see that some firms in that industry have left, leaving space for newcomers.

Understand the significance of union density rates and factors influencing these rates.

Comprehend the principles of union democracy and the legal framework supporting it.

Identify the roles and powers within typical union structures, including national, regional, and local unions.

Recognize the impact of unionism on worker solidarity, worker rights, and industrial relations.

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Definitions:

Unethical Tactics

are deceptive or morally wrong strategies used in negotiations or other situations to gain an unfair advantage.

Cultural Climate

The prevailing attitudes, standards, and environmental conditions within a culture that influence its members' behaviors and interactions.

Ethical Climate

The prevailing perceptions, practices, and attitudes within an organization or group regarding ethics and moral decision-making.

Inappropriate Behavior

Actions that are not suitable or proper in a given context or situation.