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FIGURE 3-3 Refer to Figure 3-3.At a price of P2 there would be excess demand equal to
Virtual Organization
A business model characterized by a network of remote collaborations and communications among individuals or groups, enabled by digital technologies, without a centralized physical office.
Strategic Control
The process of monitoring and assessing the suitability of a strategy against the organizational goals and making necessary adjustments.
Modular Organization
Refers to an organizational structure that is divided into separate, interchangeable units or modules, each with a specific function.
Core Competencies
are the unique capabilities or advantages that give an organization a competitive edge in the market or industry.
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