How Are Cumulative Learning and Experience Effects of a Company

question 37

Multiple Choice

How are cumulative learning and experience effects of a company most likely to affect Michael Porter's five forces?

• A) Threat of new entrants will be low.
• B) Bargaining power of suppliers will be high.
• C) Availability of complements will be low.
• D) Threat of substitute products and services will be high.

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Definitions:

Work Behavior

The actions, attitudes, and conduct displayed by employees in a professional setting, contributing to workplace culture and productivity.

Informal Organization Network

A network within an organization that is built on personal relationships, social ties, and unofficial communication channels.

Hawthorne Studies

A series of studies conducted in the early 20th century that examined how work environment and conditions affect worker productivity, highlighting the importance of social factors.

Human Relations

The study and practice of improving interaction and understanding between people in a workplace or social contexts.