The Major Advantage of the Virtual Organisation Is Its ______

question 89

Multiple Choice

The major advantage of the virtual organisation is its ______ ,which allows innovative individuals with little money to successfully compete with more established organisations.

• A)predictability
• B)control
• C)flexibility
• D)empowerment

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Definitions:

Marginal Cost

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

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; these costs decline as production increases.

Marginal Cost

The financial cost of producing an extra unit of a good or service.

Average Total Cost

The total cost of production divided by the quantity of output produced.