If Two Resources, Such as Labor and Farm Machinery, Are

question 54

Multiple Choice

If two resources, such as labor and farm machinery, are complementary,

• A)one can be used in place of the other
• B)an increase in the price of one will increase the demand for the other
• C)an increase in the price of one will increase the supply of the other
• D)a decrease in the price of one will increase the productivity of the other, which will decrease the demand for that other resource
• E)a decrease in the price of one will increase the demand for the other

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Definitions:

Geographically Based

Pertaining to the physical location or region of something, often used to describe organizational units or market strategies based on geographical areas.

Client-Based

A focus or approach that prioritizes the needs, preferences, and satisfaction of clients or customers in service or product design and delivery.

Global Organizations

are businesses or enterprises that operate in multiple countries around the world, facing challenges and opportunities from diverse cultures, legal systems, and market dynamics.

Team-Based Organizational Structure

An organizational layout where tasks and responsibilities are allocated to groups rather than individuals, fostering collaboration.