The Ocean Is Largest

question 30

Multiple Choice

The Ocean is largest.

• A) Indian
• B) Arctic
• C) Pacific
• D) Atlantic

---

Definitions:

Price-leadership Model

A strategy where the dominant firm in a market sets the price of goods or services, and other firms in the industry follow suit.

Demand Elasticity

Demand Elasticity measures how sensitive the quantity demanded of a good or service is to a change in its price, income levels, or other factors.

Learning Organisations

Continuously change and improve using the lessons of experience.