Division of Labor Is Difficult to Achieve in Small Businesses

question 369

True/False

Division of labor is difficult to achieve in small businesses.
Division of labor is a basic organizational principle in all organizations.All businesses (both large and small)should contemplate the division of labor in their organizations.

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Definitions:

Sherman Antitrust Act

A landmark U.S. legislation passed in 1890 that prohibits monopolistic business practices.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition and deceptive practices in the marketplace.

Price Fixing

The practice of colluding with other firms to control prices.

Marketing Channel

The paths or routes that products and services take from the time they are produced until they are purchased by consumers, including intermediaries such as distributors and retailers.