Culture Creates a Consistent Set of Behaviours in the Organisation's

question 133

Multiple Choice

Culture creates a consistent set of behaviours in the organisation's employees.This is an asset except when:

• A)the organisation undergoes long-term change.
• B)the organisation undergoes rapid change.
• C)the organisation becomes institutionalised.
• D)the organisation undergoes new leadership.

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Definitions:

Price Competition

A market situation where businesses attempt to outdo competitors by offering goods or services at lower prices.

Product Differentiation

The method of differentiating a product or service from competitors, aiming to make it more appealing to a specific target audience.

Low Entry Barriers

Conditions that make it easy for new competitors to enter an industry, typically leading to increased competition.

Collusion

A non-competitive, secret agreement between rivals to limit competition, set prices, or control market shares.