Which of the Following Can Force a Business and Its

question 34

Multiple Choice

Which of the following can force a business and its competitors to compete on price alone?

• A) High product differentiation
• B) Poor process efficiency
• C) Demand control
• D) Transparent marketplace
• E) Multiple competing suppliers

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Definitions:

Referent Power

A type of power that stems from personal traits and respect or admiration, compelling others to identify with the person having such qualities.

Personal and Professional Development

The continuous process of acquiring new skills, knowledge, and experience in both personal and professional life to enhance performance and personal growth.

GLOBE Model

is a research paradigm that investigates the relationship between societal culture, organizational culture, and leader effectiveness across the world.

Cultural Dimensions

Conceptual frameworks that describe the impact of a society’s culture on the values of its members, and how these values relate to behavior.