Which of the Following Provides a Framework for Understanding Diverse

question 115

Multiple Choice

Which of the following provides a framework for understanding diverse businesses and helps managers establish priorities for allocating resources?

• A) a differentiation strategy
• B) vertical integration
• C) a corporate portfolio matrix
• D) a strategic business unit
• E) strategic flexibility

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Definitions:

Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.

Structural Unemployment

Unemployment caused by changes in the industrial makeup of an economy or technological innovations that render certain job skills obsolete.

Equilibrium Wage

The pay rate where the amount of work offered matches the amount of work required.

Union Membership

The state of being a member of a labor union, which is an organization that represents the collective interests of workers.