One of the Most Common Strategic Responses Employed by Organizations

question 215

Short Answer

One of the most common strategic responses employed by organizations is a change in organizational ________.

Recognize how specialization based on comparative advantage benefits trading partners.

Determine which parties have a comparative or absolute advantage based on opportunity costs.

Understand the principles behind international trade and the gains from trade.

Explore the impact of technological improvements on comparative advantage and production possibilities.

---

Definitions:

Polar Covalent

A type of chemical bond where electrons are unequally shared between atoms, resulting in partial electrical charges.

Nonpolar Covalent

A type of chemical bond where two atoms share a pair of electrons equally, typically between atoms of similar electronegativity.

Negatively Charged

describes an object or particle that has more electrons than protons, resulting in a net negative electric charge.

Synthesis Reaction

A chemical reaction in which two or more substances combine to form a more complex product.