Increased Horizontal Scope Is Attractive to Firms Because It Offers

question 11

Multiple Choice

Increased horizontal scope is attractive to firms because it offers opportunities by reducing costs through exploiting possible economies of scope and by ________.

• A) increasing the customer base
• B) decreasing production costs
• C) decreasing competition between similar business units
• D) increasing revenues through synergies

Describe the process and benefits of 360-degree feedback in employee evaluation.

Explain the concept of employee engagement and its impact on workplace productivity.

Understand the principles of setting goals and implementing action plans for personal and professional development.

Distinguish between various interview types and their effectiveness in evaluating candidates.

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Definitions:

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time.

Feature Detectors

Neurons in the brain that respond to specific features of a stimulus, such as lines, edges, or movement, playing a crucial role in the process of perception.

Narrow Black-And-White Lines

A visual pattern typically consisting of slim, alternating black and white stripes.

Gestalt Psychology

A school of thought in psychology that emphasizes viewing the mind and behavior as organized wholes.