Which of the Following Statements About the Grapevine Is TRUE

question 146

Multiple Choice

Which of the following statements about the grapevine is TRUE?

• A) Use of the grapevine is on the decrease because of the advent of more sophisticated communication devices.
• B) The grapevine format called the cluster chain primarily carries personal information.
• C) Grapevine information is fairly accurate.
• D) Grapevines are most active in small companies.
• E) Since they cannot control the grapevine,managers should make every effort to eliminate it.

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Definitions:

Autarky Price

The price of a good or service within a country that is not involved in trade; the domestic price in the absence of international trade.

Autarky Price

The price of a good in a country when it is closed to international trade, reflecting the balance of domestic supply and demand.

International Trade

The exchange of goods, services, and capital between countries or territories.

Domestic Market

The domestic market refers to the economic activities and transactions happening within a country's borders, focusing on the buying and selling of goods and services locally.