Discuss the primary sets of people in an organization who affect job satisfaction. What are the reasons a person may be satisfied with these people?
What will be an ideal response?
The two primary sets of people in an organization who affect job satisfaction are co-workers and supervisors. A person may be satisfied with these people for one of three reasons:
1) The people share the same values, attitudes, and philosophies. Most individuals find this very important, and many organizations try to foster a culture of shared values. Even when this does not occur across the whole organization, values shared between workers and their supervisor can increase satisfaction.
2) The co-workers and supervisor may provide social support. Social support greatly increases job satisfaction, whether the support comes from supervisors or co-workers. Turnover is also lower among employees who experience support from other members of the organization.
3) The co-workers or supervisor may help the person attain some valued outcome.
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Buyers are in position to exert strong bargaining power in dealing with sellers when
A. they buy the product infrequently or in small quantities and are not particularly well-informed about sellers' products, prices, and costs. B. buyer demand is growing rapidly. C. buyers are price sensitive because the product represents a significant portion of their purchasing budget. D. their costs to switch to competing brands or to substitute products are relatively high. E. a particular seller's product delivers quality or performance that is very important to the buyer and is not matched by other brands.
Compare the following business offerings. Which is the best example of direct competition?
A. Chick-fil-A and In-and-Out Burger B. David's Bridal and Walmart C. Burger King and Olive Garden D. Chevron and Exxon E. Pepsi and Snapple
The unborn young of stock animals are considered future goods
Indicate whether the statement is true or false
Gamma Company and Chi Company are similar and similar-sized companies operating in the same industry. At the end of the most recent year, Gamma's price-earnings ratio was 22.0, and Chi's price-earnings ratio was 14.2. What conclusion would you draw based on the difference in price-earnings ratios for the two companies?
What will be an ideal response?