When an Organization Grows by Combining Operations with Competitors,the Strategy

question 79

Multiple Choice

When an organization grows by combining operations with competitors,the strategy is known as a ________ strategy.

• A)retrenchment
• B)horizontal integration
• C)vertical integration
• D)diversification

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Definitions:

Skill-based Pay Plan

A compensation strategy where employees are paid based on the skills and knowledge they possess, rather than their job position or title.

Productivity

The efficacy and efficiency with which input resources (such as time, labor, and materials) are converted into outputs, such as goods or services.

Service Quality

The assessment of how well a delivered service matches customer expectations, often a critical component of customer satisfaction in business.

Profit Sharing

A company program in which a portion of the company's profits is distributed to its employees, often based on their performance and the company's earnings.