Which of the Following Would NOT Shift an Industry's Supply

question 202

Multiple Choice

Which of the following would NOT shift an industry's supply of labor curve?

• A) The wage rate in the particular industry falls.
• B) Wage rates in industries using similar labor rise.
• C) Working conditions within the industry become less desirable.
• D) Wage rates in other industries fall.

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Definitions:

Lengthy Negotiations

Extended discussions and bargaining processes between parties with the goal of reaching an agreement on particular terms or conditions.

Delivery Schedules

Timetables established by suppliers for the delivery of products or services to customers.

Buying Criteria

The set of standards or parameters customers use to differentiate between choices and make purchasing decisions.

Technical Capability

Refers to the skills, knowledge, tools, and processes that enable an organization to effectively design, produce, and deliver products or services.