Asked by Mattison Doffitt on Sep 27, 2024
Which of the following does not characterize the nature of competition for U.S. companies in today's economy?
A) Emphasis on high quality good and services that respond quickly to changes in consumer tastes
B) Capitalize on narrowly defined, routine jobs as a way to hold down labor costs so they are comparable to low wage countries
C) Need for greater levels of employee involvement that can capitalize on higher education levels
D) Short-term, market-driven employment relationships where the employee is more closely tied to their job/occupation than to the company they work for
Competition
The rivalry among businesses to attract customers and achieve a higher market share.
High Quality
A standard of excellence or superiority in condition or performance, often measured against other similar items or services in terms of durability, reliability, and satisfaction.
Labor Costs
The total expenditure borne by employers for paying their employees, which includes wages, benefits, and taxes associated with employment.
- Pinpoint the transformations in the corporate environment from the 1970s onwards and their consequences on organizational work.
Learning Objectives
- Pinpoint the transformations in the corporate environment from the 1970s onwards and their consequences on organizational work.