Competitive Pricing

question 37

Multiple Choice

Competitive pricing

• A)ensures that goods will be allocated evenly
• B)ensures that goods will be allocated efficiently
• C)guarantees a fair distribution of goods
• D)only occurs in an oligopolistic market
• E)occurs at any quantity at which the demand curve is higher than the supply

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Definitions:

Organizational Climate

The collective attitudes, values, and standards of behavior that characterize the atmosphere of an organization and affect its members.

Feedback

Information provided about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.

Job Enrichment

Enhancing a job's design by adding duties and responsibilities that increase the employee's satisfaction and motivation, often by incorporating more meaningful tasks.

Intrinsic Reward

Refers to the psychological satisfaction or personal fulfillment derived from achieving or completing a task, rather than from external rewards.