Deck 1: Strategic Human Resource Management
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Unlock Deck
Sign up to unlock the cards in this deck!
Unlock Deck
Unlock Deck
1/89
Play
Full screen (f)
Deck 1: Strategic Human Resource Management
1
Using the focus strategy, a firm concentrates on a segment of the market, competing on the basis of either differentiation or cost leadership.
True
2
Strategies for businesses are formulated at three levels: corporate, a major business activity, and employee.
False
3
Many organizations are now including specific strategies that directly consider their employees, such as a strategy to become one of Canada's "Top 50 Best Managed Companies."
True
4
Canada's international trade advantage is due to its geographical location and multicultural population.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
5
Primary and extractive industries currently account for most of the national wealth in Canada.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
6
Organizational goals are an organization's short- and long-term outcomes that human resource management aims to support and enable.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
7
People are the common element in all social organizations.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
8
The field of human resource management is unrelated to key organizational goals, product-market plans, technology, and innovation.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
9
Economic forces are defined as economic factors facing Canadian business, including historical trends, global trade forces, and the force to increase one's own competitiveness and productivity levels.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
10
The recent shift in employment from extractive industries to service industries has increased the need for innovative thinking within organizations.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
11
Moving from a factor-based to a knowledge-based economy is a trend witnessed only in North America.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
12
Companies can gain accreditation in productivity optimization processes through organizations like the International Association for Six Sigma Certification.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
13
Firms with nonroutine production processes (such as advertising firms), benefit more from flexible human resource practices that nurture creativity, innovation, and entrepreneurship than those that focus on predicting employee performance.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
14
Since human resource management is central to all organizations, all organizations have a dedicated human resource department.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
15
With an increased reliance on knowledge workers, organizations also start to face challenges associated with employees hiding and withholding knowledge.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
16
Economic boom and bust business cycles are experienced the way same across the country.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
17
Integrating digital information systems has allowed for more effective knowledge management.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
18
Employee salaries may account for more than 65% of the operating expenses in many organizations.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
19
Recruiting or developing innovative staff to create a culture of innovation within the organization is an example of a progressive human resource strategy.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
20
A new venture or micro-business might initially have the entrepreneur perform HR related tasks.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
21
Without a future orientation, human resources departments become proactive, allowing minor problems to become major ones.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
22
Canada continues to be a two-language nation, where the majority of Canadians have either English or French as their mother tongue.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
23
The aging population impacts human resource management the same way across all geographical locations.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
24
When objectives can be achieved in several acceptable ways, the key to success is choosing the path that best aligns with individual stakeholder needs.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
25
The growing population of youth workers entering the Canadian workforce has implications for Canada on a global scale.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
26
Human Resource audits can be performed for one division or an entire company.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
27
Performance assessments indicate how well human resource activities have been carried out, since poor performance might mean that selection or training activities need to be redesigned.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
28
Human resource managers do not have the authority to order other managers in other departments to accept their ideas.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
29
When a human resources department first emerges, it is typically small and reports to a senior-level manager.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
30
Educational attainment is the average academic level required to work at a particular job.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
31
In highly technical or extremely routine situations, the human resources department may be given functional authority, allowing them to make decisions usually made by line managers or top management.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
32
Human resource managers must constantly scan their professional and social environment for clues about the future.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
33
Educational attainment is keeping pace with the growing knowledge-based economy.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
34
Cultural forces are challenges facing a firm's decision makers because of cultural differences among employees or changes in core cultural or social values occurring at the societal level.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
35
In the discussion of ethics, there are 3 approaches to determine "Right" behaviour in ambiguous situations. The 3 approaches are: universalistic, conformist, and subjectivist.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
36
The set of employability skills identified by the Corporate Council on Education consist of basic academic skills, personal management skills, and teamwork skills
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
37
Ethical issues confronting Canadian firms today include issues such as sexual harassment, cyber espionage, and avoiding conflicts of interest.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
38
In today's workplace, leaders may be faced with up to five generations of workers-Generation Z, Generation Y, Generation X, Baby boomers, and Traditionalists.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
39
HR practices such as seniority- and rank-based pay and top-down communication channels are likely to work best when organizations consciously make an effort to create an egalitarian, participative, and entrepreneurial work climate.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
40
As an organization becomes more complex and departments expand, departments also become less specialized.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
41
Which of the following is a category of organizational goals?
A) not-for-profit
B) leadership
C) environmental
D) technological
E) ergonomic
A) not-for-profit
B) leadership
C) environmental
D) technological
E) ergonomic
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
42
Which of the following is a reason for organization's increased expectations of human resource departments?
A) the decreasing retirement age
B) the high cost of actively disengaged employees
C) Canada's low ranking among exporting nations
D) the lower quality in production due to automation
E) the lack of multiculturalism in Canada
A) the decreasing retirement age
B) the high cost of actively disengaged employees
C) Canada's low ranking among exporting nations
D) the lower quality in production due to automation
E) the lack of multiculturalism in Canada
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
43
Which of the following is a technological force that allows for more flexibility in operations?
A) automation
B) connectivity
C) flexible work design
D) knowledge management
E) global trade
A) automation
B) connectivity
C) flexible work design
D) knowledge management
E) global trade
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
44
When the HR department is formulating strategies, which of the following describes an activity involved in attracting human resources?
A) finding capable individuals to apply for employment
B) reviewing of the current state of human resources practices
C) assessing employee performance
D) modifying internal work procedures
E) monitoring organizational policies
A) finding capable individuals to apply for employment
B) reviewing of the current state of human resources practices
C) assessing employee performance
D) modifying internal work procedures
E) monitoring organizational policies
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
45
What strategic step might an organization take to protect their sensitive data?
A) move all their storage to the cloud
B) hire a cyber-security expert
C) continuously back-up data
D) only permit employees to use corporate-issued hardware
E) teach its employees hacking skills
A) move all their storage to the cloud
B) hire a cyber-security expert
C) continuously back-up data
D) only permit employees to use corporate-issued hardware
E) teach its employees hacking skills
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
46
Which of the following is an example of a service industry?
A) education
B) mining
C) fishing
D) forestry
E) agriculture
A) education
B) mining
C) fishing
D) forestry
E) agriculture
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
47
The Certified Human Resources Professional (CHRP) accreditation is granted by each provincial HR association.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
48
Which of the following credentialing bodies is responsible for accrediting HR professionals in Ontario?
A) Chartered Professional inhuman Resources
B) International Association for Six Sigma Certification
C) Human Resource Professional Association
D) International Personnel Management Association
E) Organisation for Economic Co-operation and Development
A) Chartered Professional inhuman Resources
B) International Association for Six Sigma Certification
C) Human Resource Professional Association
D) International Personnel Management Association
E) Organisation for Economic Co-operation and Development
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
49
Human resource professionals need to be well versed in data-driven decision making and financial operations.
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
50
Which of the following is a cultural challenge facing Canadian organizations today?
A) gender balance in the workforce
B) global trade
C) shift towards knowledge workers
D) ethics
E) generational shift
A) gender balance in the workforce
B) global trade
C) shift towards knowledge workers
D) ethics
E) generational shift
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
51
Which of the following is a possible outcome of employers installing workout facilities within the organization's physical space?
A) an decrease in employee morale
B) an increase in health benefits claims
C) A decrease in expenses associated with sick days
D) an increase in marriage rates between employees
E) an increase in the number of employees leaving the office early
A) an decrease in employee morale
B) an increase in health benefits claims
C) A decrease in expenses associated with sick days
D) an increase in marriage rates between employees
E) an increase in the number of employees leaving the office early
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
52
Which of the following is a major group of human resource activities that the human resource department must continually focus on?
A) sourcing a new building to move into
B) adjusting organizational mission
C) conducting an environmental scan
D) analyzing organizational culture
E) motivating employees
A) sourcing a new building to move into
B) adjusting organizational mission
C) conducting an environmental scan
D) analyzing organizational culture
E) motivating employees
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
53
A _____ is an examination of the human resource policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.
A) human resource audit
B) differentiation strategy
C) cost leadership strategy
D) mission statement
E) demographic change
A) human resource audit
B) differentiation strategy
C) cost leadership strategy
D) mission statement
E) demographic change
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
54
Gains in productivity give managers the ability to do which of the following?
A) focus more on predicting employee performance
B) save scarce resources
C) improve working conditions
D) increase employee benefits
E) provide better pay to employees
A) focus more on predicting employee performance
B) save scarce resources
C) improve working conditions
D) increase employee benefits
E) provide better pay to employees
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
55
Which of the following is the product of all of an organization's features and how they are arranged?
A) organizational structure
B) organizational culture
C) organizational hierarchy
D) organizational strategy
E) organizational objectives
A) organizational structure
B) organizational culture
C) organizational hierarchy
D) organizational strategy
E) organizational objectives
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
56
Which of the following strategies aims to gain a competitive advantage through lower costs of operations and lower prices for products?
A) focus
B) differentiation
C) cost leadership
D) organizational
E) progressive
A) focus
B) differentiation
C) cost leadership
D) organizational
E) progressive
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
57
Which of the following tasks might a human resources manager have to carry out during a recessionary period?
A) retraining staff
B) implementing employee layoffs
C) creating a culture of innovation within the organization
D) recruiting employees with new skill sets
E) focus only on economic forces at the local level
A) retraining staff
B) implementing employee layoffs
C) creating a culture of innovation within the organization
D) recruiting employees with new skill sets
E) focus only on economic forces at the local level
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
58
The ratio of an organization's outputs (goods and services) to its inputs (people, capital, materials, energy) is the definition of:
A) cultural forces
B) six sigma certification
C) flexible work design
D) automation and mechanization
E) productivity
A) cultural forces
B) six sigma certification
C) flexible work design
D) automation and mechanization
E) productivity
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
59
Recent changes to old age security forces workers to wait until what age to claim old age security?
A) 60
B) 63
C) 65
D) 67
E) 69
A) 60
B) 63
C) 65
D) 67
E) 69
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
60
Which of the following is described as the use of rules, competition, and teamwork to encourage engagement by mimicking games?
A) cultural mosaic
B) gamification
C) cost leadership strategy
D) demographic management
E) situational approach
A) cultural mosaic
B) gamification
C) cost leadership strategy
D) demographic management
E) situational approach
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
61
Which of the following is a benefit of conducting a human resource audit?
A) it ensures timely compliance with legal requirements
B) It aligns the HR department's goals with other department's goals
C) it reveals corrupt activities in other departments
D) It stimulates variety in the application of human resource policies and practices
E) it increases human resource costs through more effective procedures
A) it ensures timely compliance with legal requirements
B) It aligns the HR department's goals with other department's goals
C) it reveals corrupt activities in other departments
D) It stimulates variety in the application of human resource policies and practices
E) it increases human resource costs through more effective procedures
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
62
Which of the following is TRUE about proactive human resource management?
A) it allows staff to ensure their family or friends are hired by the organization
B) it focuses on how to best deploy HR activities to solve problems as they arise
C) it allows minor problems to become major ones
D) it only allows HR managers to anticipate challenges outside of the organization
E) it anticipates problems or challenges before they impact the organization
A) it allows staff to ensure their family or friends are hired by the organization
B) it focuses on how to best deploy HR activities to solve problems as they arise
C) it allows minor problems to become major ones
D) it only allows HR managers to anticipate challenges outside of the organization
E) it anticipates problems or challenges before they impact the organization
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
63
Which of the following is a challenge associated with automation?
A) lower predictability in operations
B) lower standards of quality in production
C) decreased reliability in operations
D) negative union attitudes
E) less flexibility in operations
A) lower predictability in operations
B) lower standards of quality in production
C) decreased reliability in operations
D) negative union attitudes
E) less flexibility in operations
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
64
Giving a department the right to make decisions usually made by line managers or top management is an example of:
A) functional authority
B) a regulation
C) line authority
D) human resource management
E) staff authority
A) functional authority
B) a regulation
C) line authority
D) human resource management
E) staff authority
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
65
What progressive human resource management strategy can be used to create a creative and pioneering culture within an organization?
A) cultural mosaic
B) educational attainment
C) recruit innovative staff
D) automation
E) human resource audit
A) cultural mosaic
B) educational attainment
C) recruit innovative staff
D) automation
E) human resource audit
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
66
Human resource audits cover which of the following areas related to staffing and development?
A) human rights legislation
B) job analysis information
C) human resource plans
D) compensation administration
E) employee selection
A) human rights legislation
B) job analysis information
C) human resource plans
D) compensation administration
E) employee selection
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
67
The higher status given to _____ experts in job ads and organizational charts indicates that the importance of human resource management activity is being recognized.
A) infrastructure
B) human resource
C) investment strategy
D) environment
E) rules and policies
A) infrastructure
B) human resource
C) investment strategy
D) environment
E) rules and policies
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
68
Which of the following is a benefit of telecommuting?
A) there is a lower risk of data breaches
B) less training is needed
C) work requiring special equipment can be performed away from the workplace
D) greenhouse gases are reduced
E) it is easier to ensure employees' workstation is safe
A) there is a lower risk of data breaches
B) less training is needed
C) work requiring special equipment can be performed away from the workplace
D) greenhouse gases are reduced
E) it is easier to ensure employees' workstation is safe
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
69
The decline in Canada's competitiveness in the international marketplace is an example of which economic force?
A) economic cycles
B) global trade
C) productivity improvement
D) connectivity
E) innovation improvement
A) economic cycles
B) global trade
C) productivity improvement
D) connectivity
E) innovation improvement
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
70
Which of the following is TRUE about a department which has staff authority?
A) it has power over the organization's entire staff
B) it directs managers how to best handle staffing issues
C) it has authority to make decisions about production
D) it has the power to advise but not direct managers in other departments
E) it has the authority to order managers to accept their ideas
A) it has power over the organization's entire staff
B) it directs managers how to best handle staffing issues
C) it has authority to make decisions about production
D) it has the power to advise but not direct managers in other departments
E) it has the authority to order managers to accept their ideas
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
71
Which of the following continuously changing internal factors impacts the need for human resources strategies to be examined regularly?
A) technology
B) environments
C) government policies
D) role definitions
E) demographics
A) technology
B) environments
C) government policies
D) role definitions
E) demographics
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
72
Which of the following is an example of unethical business practices?
A) avoiding conflict of interest
B) high executive salaries
C) security of information
D) insider trading
E) environmental protection
A) avoiding conflict of interest
B) high executive salaries
C) security of information
D) insider trading
E) environmental protection
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
73
Which of the following describes an outcome associated with moving to a mechanized process?
A) decreased standards of quality in production
B) increased cost
C) increased effort to change setups for small production batches
D) decreased operational flexibility
E) increased reliability in operations
A) decreased standards of quality in production
B) increased cost
C) increased effort to change setups for small production batches
D) decreased operational flexibility
E) increased reliability in operations
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
74
On a per capita basis Canada exports more than the United States or Japan due to the combination of a relatively small population and a large natural resource base. Which economic force is this an example of?
A) productivity improvement
B) economic cycles
C) innovation improvement
D) global trade
E) connectivity
A) productivity improvement
B) economic cycles
C) innovation improvement
D) global trade
E) connectivity
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
75
Which of the following is TRUE about a human resource department?
A) it is critical to the success and survival of the organization
B) it represents the leadership and management of people within an organization
C) its contribution should be kept at a level appropriate to an organization' needs and resources
D) it is required that all organizations have a dedicated human resource department
E) it eliminates the need for individual managers to take responsibility for the day-to-day management of human resources
A) it is critical to the success and survival of the organization
B) it represents the leadership and management of people within an organization
C) its contribution should be kept at a level appropriate to an organization' needs and resources
D) it is required that all organizations have a dedicated human resource department
E) it eliminates the need for individual managers to take responsibility for the day-to-day management of human resources
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
76
The participation rate of women continues to grow in which of the following industries:
A) wholesale trade
B) oil and gas
C) transportation
D) manufacturing
E) management
A) wholesale trade
B) oil and gas
C) transportation
D) manufacturing
E) management
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
77
How often should human resource strategies be evaluated?
A) once a year
B) once every 5 years
C) once they have been evaluated they do not need to be re-evaluated
D) continuously
E) when a new human resource manager is hired
A) once a year
B) once every 5 years
C) once they have been evaluated they do not need to be re-evaluated
D) continuously
E) when a new human resource manager is hired
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
78
An organization's mission statement does which of the following?
A) it specifies what activities the organization has pursued in the past
B) it is the product of all organizational features and how they are arranged
C) it systematically reviews the current state of human resource practices in an organization
D) it identifies which not-for-profits will benefit from the organization's success
E) it gives the organization its own special identity, character, and path of development
A) it specifies what activities the organization has pursued in the past
B) it is the product of all organizational features and how they are arranged
C) it systematically reviews the current state of human resource practices in an organization
D) it identifies which not-for-profits will benefit from the organization's success
E) it gives the organization its own special identity, character, and path of development
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
79
Which of the following is an example of a demographic challenge facing Canadian?
A) automation
B) diversity
C) millennial workers
D) global trade
E) aging population
A) automation
B) diversity
C) millennial workers
D) global trade
E) aging population
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck
80
Which of the following is TRUE of the differentiation strategy used by organizations for their products?
A) it lowers costs of operations
B) it focuses on creating a distinctive product or offering a unique service
C) it aggressively seeks efficiencies in production
D) it concentrates on a segment of the market
E) it targets a market that is set apart by either geography or specialized needs
A) it lowers costs of operations
B) it focuses on creating a distinctive product or offering a unique service
C) it aggressively seeks efficiencies in production
D) it concentrates on a segment of the market
E) it targets a market that is set apart by either geography or specialized needs
Unlock Deck
Unlock for access to all 89 flashcards in this deck.
Unlock Deck
k this deck

