The Establishment of Free-Trade Areas Creates an Opportunity for Manufacturing

question 67

Multiple Choice

The establishment of free-trade areas creates an opportunity for manufacturing organizations because it:

• A)Reduces costs
• B)Increases costs
• C)Increases competition
• D)Reduces competition
• E)Reduces costs and reduces competition

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Definitions:

Reward Power

The ability of an individual to influence the behavior of others by offering or withholding incentives.

Positive Outcomes

Beneficial results or effects that stem from a particular action, strategy, or intervention.

Behaviour

The actions, reactions, and functioning of individuals or groups in different situations, influenced by internal and external factors.

Position Power

The authority and influence an individual holds within an organization by virtue of their role or position, allowing them to exert control over resources and decisions.