A System in Which Groups of People Are Divided into Layers

question 104

Multiple Choice

A system in which groups of people are divided into layers according to their relative power,property,and prestige is referred to as ________.

• A)social stratification
• B)social networking
• C)the diversification of society
• D)multiculturalism

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Definitions:

Strategy Implementation

The execution phase of strategic management, wherein planned strategies are put into action to achieve organizational objectives.

Competitors

Entities or businesses that vie for the same market share within an industry by offering similar or alternative products or services.

World Trade Organization

An international organization that regulates trade between nations, aiming to ensure smooth, predictable, and free trade flows.

Tariffs

Taxes imposed on imported goods to regulate trade, typically to protect domestic industries or to generate revenue.