Which of the following is the action of laying off employees for economic or business reasons not related to employee performance?
A) at-will employment
B) termination
C) outplacement
D) layoffs
E) headhunting
Answer: D
Explanation: Layoffs are the termination of employees for economic or business reasons unrelated to employee performance.
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Which of the following statements regarding Lloyd's associations is CORRECT?
A) Insurance is provided by individual underwriters. B) Lloyd's of London is an insurance company. C) Lloyd's associations are insurance companies. D) Insurance can only be offered in London."
What is most likely a strategic benefit of the existence of competitors?
A) Competitors seldom lead to product differentiation. B) Competitors help legitimize new technologies. C) Competitors exclusively serve more-attractive segments. D) Competitors fracture the target market. E) Competitors decrease the total demand.