Mature Industries Are Generally Characterized By

question 53

Multiple Choice

Mature industries are generally characterized by:

• A)low entry barriers.
• B)diseconomies of scale.
• C)absence oflarge-scale production.
• D)a small number of large firms.
• E)very low customer demand.

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Definitions:

Mechanistic Organization

A highly structured and formal organization, often characterized by centralized decision-making and a rigid hierarchy.

High Division of Labor

An organizational structure where tasks are highly specialized and divided among many workers.

Clear Rules

Refer to unambiguous, well-defined guidelines and standards that govern behavior and processes within an organization.

Operating Procedures

Established methods and protocols for conducting activities within an organization to achieve efficiency and quality output.