According to Economists Frank and Cook,one Reason There Are More

question 57

Multiple Choice

According to economists Frank and Cook,one reason there are more winner-take-all markets today than in the past is because

• A) government has limited the choices that people can make when they are choosing what to buy.
• B) changes in technology, communications, and transportation costs have made it possible for consumers to buy from a small handful of "the best" suppliers in the world.
• C) changes in technology have lowered prices.
• D) of the importance that today is placed on ideas instead of things.
• E) a and b

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Definitions:

Integration

The process of combining or coordinating separate elements or parts into a unified whole.

Coordinate Labour

Organizing and aligning the efforts of a workforce to achieve common goals and objectives efficiently.

Divide Labour

The process of dividing work into distinct tasks, each performed by a different worker or group of workers, to increase efficiency and productivity.

Interpersonal Styles

The characteristic way that individuals interact with others in personal and professional contexts.