Areas of Business Within a Firm That Are Different Enough

question 1

Multiple Choice

Areas of business within a firm that are different enough to have their own mission,business objectives,resources,managers,and competitors are .

• A)strategic business units
• B)standard business units
• C)market development units
• D)market penetration units
• E)competitive intelligence units

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Definitions:

Rival in Consumption

Refers to a situation where the consumption of a good by one individual prevents or diminishes its consumption by another.

Club Goods

Goods that are excludable but non-rivalrous, meaning they can be accessed by members of a specific group but one person's use does not diminish availability for others.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability for others.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's consumption does not reduce availability for others.