When Does the Labour Market Have a Strong Influence on the Organisation's

question 51

Multiple Choice

When does the labour market have a strong influence on the organisation's production capacity?

• A)When technological advancements are infrequent
• B)With long-term employees only
• C)When demand outstrips supply for employees with a specific skill
• D)When unions are involved

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Definitions:

Autoworkers

Employees in the automotive industry who are involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Automobiles

Motor vehicles with four wheels designed primarily for passenger transportation on roads.

Supply

The total quantity of a good or service that businesses are willing and able to sell at a given price level.

Product

Any item or service that is created through a process and is offered for sale to consumers.