The Bottom Level in the Pyramid Is Occupied By

question 19

Multiple Choice

The bottom level in the pyramid is occupied by:

• A)first-line supervisors.
• B)operative employees.
• C)middle management.
• D)top-level management.
• E)board of directors.

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Definitions:

Competitive Forces

The external factors that influence the competitive position of a firm within an industry, including competition from rivals, potential new entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.

Marginal Benefits

The additional benefits received from consuming or producing one more unit of a good or service.

Marginal Costs

The additional cost incurred in the production of one additional unit of a good or service.

Economic Decisions

The choices made by individuals, firms, or governments regarding the allocation of resources to satisfy needs and desires.