In Order to Sell Additional Units of Their Products,competitive Firms

question 67

Multiple Choice

In order to sell additional units of their products,competitive firms must

• A)Increase their advertising.
• B)Lower their price.
• C)Cut their expenses.
• D)Increase output.

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Definitions:

Job Analysis

The process of determining the duties, responsibilities, and qualifications of a job in order to create job descriptions, job specifications, and performance standards.

Abilities

The skills or competencies individuals possess, which enable them to perform specific tasks effectively.

Job Specifications

A detailed description of the qualifications, skills, experience, and attributes required for a person to perform a specific job.

Skills

Refers to the learned abilities or expertise that an individual possesses, which enable them to perform tasks or jobs effectively.