A Benefit of Nonprice Competition to the Consumer Includes

question 75

Multiple Choice

A benefit of nonprice competition to the consumer includes:

• A)increased product selection
• B)decreased entry barriers
• C)decreased prices through decreased per-unit costs
• D)an overall increase in market power for established firms
• E)increased entry barriers

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Definitions:

Job Design

The process of defining responsibilities, duties, and tasks in a job to improve productivity and employee satisfaction.

Modifying

The process of making changes or alterations to something, often to improve it or to better suit a particular need.

Enriching

In a work context, refers to enhancing job content through methods that increase an employee's responsibility, autonomy, and opportunities to grow.

Job Design

The process of defining how work will be performed and what tasks will be required in a given job, aimed at improving job satisfaction and productivity.