The Field of "Organizational Ecology" Studies

question 51

Multiple Choice

The field of "organizational ecology" studies:

• A)Companies' contributions to environmental sustainability.
• B)Changes in the evolution of the population of firms in an industry.
• C)The process of competition between different types of firm.
• D)Management practices that promote the evolutionary adaptation of firms.

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Definitions:

Industry Supply

The total output of goods or services available from a particular industry at a given price level and time.

Operate

To function or run, typically referring to the way machinery, systems, or businesses work.

Shut Down

Cessation of a firm’s operations as output falls to zero.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.