The DeBeers Company of South Africa Was Able to Block

question 216

Multiple Choice

The DeBeers Company of South Africa was able to block competition through

• A)economies of scale.
• B)ownership of an essential input.
• C)government-imposed barriers.
• D)differentiating its product.

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Definitions:

Downsize

The process by which a company reduces its workforce to cut costs, often leading to restructuring of roles and operations.

Temporary Workers

Individuals employed in a work assignment that has a specified end date, often used by companies to fill short-term needs or seasonal positions.

Contract Workers

Individuals hired to perform specific tasks or projects for a certain period under a contract, rather than being permanent employees of a company.

Human Resource Executive

A high-level professional within an organization responsible for overseeing and managing the human resources department and ensuring effective implementation of personnel policies and procedures.