For an Organization Such as a Hospital That Needs Nurses,the

question 107

Multiple Choice

For an organization such as a hospital that needs nurses,the labour union and the local labour market are examples of which factors in its specific environment?

• A)pressure group and supplier
• B)customer and special-interest group
• C)both are examples of suppliers
• D)government agency and competitor
• E)pressure group and competitor

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Definitions:

Strategic Business Units

Strategic business units are distinct divisions within a larger corporation, each focusing on a specific market segment or product line, and possessing its own strategy, resources, and objectives.

Dominant Market Share

A situation in which a company, product, or service holds a majority portion of the total sales in its market.

New Product Development

The complete process of bringing a new product or service to the market, from idea generation and concept testing to design, production, and marketing.

Consumer Insights

The understanding and interpretation of customer data, behaviors, and feedback to drive product development, marketing strategies, and other business decisions.