Which of the following is not a true statement concerning product market competition?
A)In the absence of clear evidence of on productivity differences,costs need to be closely monitored.
B)Organizations compete on multiple dimensions (e.g. ,quality,service,and price).
C)It is the degree to which an organization must pay to compete against other companies that hire similar employees.
D)It places an upper bound on labour costs and compensation.

Question

Quizplus · Accepted Answer

Product market competition refers to the competition among companies that produce similar goods or services. The statement in option C refers to labor market competition, which is a different concept altogether. In product market competition, organizations compete on multiple dimensions, such as quality, service, and price. In the absence of clear evidence of productivity differences, costs need to be closely monitored, and it places an upper bound on labor costs and compensation.

Which of the Following Is Not a True Statement Concerning