Which of the following is a similarity between a stock market and a labor market?
a. Both adopt a barter system to enable the exchange of products.
b. Both have people who are unwilling to spend a large sum of money for products or services.
c. Both have people with the necessary resources to buy desired products or services.
d. Both deal with high-end, expensive products.
ANSWER: c
All types of markets, such as stock markets and labor markets, share several characteristics. One of the characteristics is that people in both a stock market and a labor market have the necessary resources, usually money or credit, to buy the products they seek.
You might also like to view...
With increased use of remote offices, research indicates salespeople perceive:
A. Increased role stress B. Decreased dependency on technology C. Increased self-assurance D. Increased support from sales management E. All of the above
Personality is MOST LIKELY to play an important role in determining individual job performance when ________
A) situational pressures are stronger B) the supervisor is more outgoing C) the employee is more outgoing D) situational pressures are weaker