Factors Affecting Commitment Include:​

question 15

Multiple Choice

Factors affecting commitment include:​

• A) ​structural freedoms.
• B) ​structural balance.
• C) ​normative deletions.
• D) ​balance of costs and benefits.

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Definitions:

Economic Profit

The difference between a company's total revenue and its total costs, including both explicit and implicit costs, representing the financial gain in excess of opportunity costs.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity can dictate prices or market conditions.

Sunk Costs

Costs that have already been incurred and cannot be recovered.

Business Strategy

It's a plan of action designed by business leaders to achieve competitive advantage and successfully compete in the market.