An Informal Communication System That Arises Spontaneously from the Social

question 80

Multiple Choice

An informal communication system that arises spontaneously from the social interaction of people in any organization is called:

• A)the grapevine
• B)the informal gripe line
• C)the bush telegraph
• D)the water cooler exchange
• E)the rumour tumour

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Definitions:

Dominant Firm

A company with a large market share that has the power to influence the price and terms in its industry or market.

Innovations

The process of creating new methods, ideas, or products that bring about significant improvements or advancements.

Pure Monopoly

A market structure in which one firm sells a unique product, into which entry is blocked, in which the single firm has considerable control over product price, and in which nonprice competition may or may not be found.

R&D

Research and Development, which refers to the activities companies undertake to innovate and introduce new products or services.