What Was the Major Reason Competition Increased During the Sales

question 86

Multiple Choice

What was the major reason competition increased during the sales era in North American business history?

• A)firms could produce more than they could sell
• B)more sales people were hired
• C)prices increased
• D)barriers to enter were lowered

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Definitions:

Time Horizon

The length of time over which an investment, project, or strategic decision is expected to unfold or achieve certain goals.

Psychological Contract

An unwritten commitment between employers and their employees that historically guaranteed job security and rewards for loyal service.

Job Security

The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.

Exit Incentives

Benefits offered to employees to encourage voluntary departure, typically used by organizations looking to reduce workforce size.