Low Turnover Is Particularly Important in the _____ Industry Because

question 80

Multiple Choice

Low turnover is particularly important in the _____ industry because it depends on service-oriented personnel to generate repeat business.

• A)wholesale
• B)just-in-time-supplier
• C)retail
• D)food-processing

Identify the role of founders and top management in shaping organizational culture.

Recognize the importance of a step-by-step socialization process in strong cultures.

Distinguish between different strategies used by companies to socialize employees.

Analyze the impact of strong cultures on organizational success and employee behavior.

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Definitions:

Smart Phone Industry

The sector of the economy that is involved in the development, production, and sale of smartphones.

Homogeneous

Describes a substance or mixture that has uniform composition and properties throughout.

Differentiated Products

Goods or services that are distinguished from one another by quality, design, features, or branding, allowing firms to compete on factors other than price.

Monopolist

A monopolist is a market participant that has exclusive control over the market for a particular good or service, without any competition.