The Flexibility of a Smaller Company Makes It Possible to Meet

question 89

True/False

The flexibility of a smaller company makes it possible to meet the demands of global markets and redefine a company's programs more quickly than might occur in the larger multinational corporation.

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Definitions:

Marginal Social Benefit

The incremental advantage to the community from the consumption or production of an additional unit of a product or service.

Pollution

is the introduction of contaminants into the natural environment that cause adverse changes, affecting air, water, and land quality detrimentally.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit.

Externalities

Economic side effects or consequences of industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.