Listening to Employee Suggestions,gaining Support for Organizational Objectives and Fostering

question 105

Multiple Choice

Listening to employee suggestions,gaining support for organizational objectives and fostering an atmosphere of teamwork are all considered

• A)technical skills.
• B)interpersonal/communication skills.
• C)diagnostic skills.
• D)professional skills.
• E)conceptual skills.

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Definitions:

Cutthroat Competition

An extremely competitive market situation where competitors use aggressive tactics to undercut each other's prices, leading to very low profit margins.

Sticky Prices

A situation in economics where the prices of goods and services are slow to respond to changes in the supply and demand.

Herfindahl-Hirschman Index

A measure of market concentration to assess the level of competition within an industry.

Degree of Concentration

A measure of the extent to which a small number of firms or entities dominate in a particular market or industry.