Which of the Following Is an Example of a Demand

question 194

Multiple Choice

Which of the following is an example of a demand condition?

• A)available natural resources
• B)existence of supplier clusters
• C)sophistication of consumers
• D)intensity of competition
• E)competitive wage rates

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Goal-Sharing

A strategy where organizational objectives are communicated and shared among team members to ensure alignment and foster cooperation.

Gain-Sharing

A performance-based compensation strategy where employees receive benefits from the cost-saving measures they contribute to.

Draw System

A compensation method where payments made to an employee in advance are later subtracted from their commissions to ensure they receive a consistent income.