Which of the Following Is an Advantage of Memos

question 74

Multiple Choice

Which of the following is an advantage of memos?

• A) They take a relatively short time to be prepared and delivered.
• B) They are the preferred mode of communication for writing to people outside the organization.
• C) They provide a written document for the receiver to review.
• D) They allow the supervisors to send out nonverbal messages more effectively.

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Definitions:

Competitive Price-Searcher Markets

Markets where firms have some power to set prices due to differentiated products but still face competition and must search for competitive pricing strategies.

Purely Competitive Markets

Markets characterized by many buyers and sellers, homogeneous products, and no single participant having market control.

Government Action

Measures or initiatives undertaken by the governmental bodies to address societal, economic, or international issues.

Large Profit

A significantly high net income resulting from the difference between revenue and expenses.