Which of the following is the most important constraint on the explanatory power of the IO paradigm?
A) Many industries are imperfectly competitive.
B) Many companies are locally but not internationally competitive.
C) Most customers have perfect knowledge of the products they select.
D) Most industries have many firms that each have small market shares.
A
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Describe an example of how a company adjusted its marketing-mix strategies due to changes in the market
What will be an ideal response?
Josh Bishoff is an industrial engineer who measures exactly how long a task takes and works on developing ways to complete the job in minimal time, including specifying the exact body movements workers should use to do the job most efficiently
The process he uses to develop the optimal way to perform a task is known as ________. A) time and motion studies B) horizontal job loading C) job enlargement D) job enrichment