What Type of Organization Is Defined as "A Central Hub

question 6

Multiple Choice

What type of organization is defined as "a central hub surrounded by networks of outside suppliers and specialists"?

• A) matrix
• B) virtual
• C) modular
• D) barrier-free

Understand the relationship between operating profit, overhead, and mark-up in retail settings.

Analyze sales strategies through discounting and its effect on profit.

Calculate and interpret the single equivalent discount rate of multiple discounts.

Identify and understand the legal and ethical implications of insider trading.

---

Definitions:

Perfectly Elastic Demand

Refers to a market situation where consumers are willing to purchase any quantity of the product at a certain price, but no quantity at any other price.

Very Elastic Demand

A situation where the quantity demanded of a product changes significantly due to changes in its price.

Perfectly Inelastic Demand

A situation where the demand for a product remains constant regardless of changes in its price.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with its demand either being elastic or inelastic.