Which of the Following Is Not an Example of a Business

question 125

Multiple Choice

Which of the following is not an example of a business operated by a consumer cooperative?

• A)A grocery store
• B)An apartment building
• C)Sunkist,a farm cooperative owned and operated by citrus growers
• D)A health plan
• E)An electric power facility

Understand the short-run and long-run adjustments in monopolistically competitive markets and their impact on firms and industries.

Interpret the implications of new firm entry on market competition, demand, and economic profits.

Differentiate between the market structures based on concentration measures and profitability.

Understand the relationship between market structure, efficiency, and the allocation of resources.

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Definitions:

TPS

Transaction Processing System refers to the category of information system responsible for the capture, storage, updating, and recovery of an organization's transaction records.

Enterprise

An organization or business venture, particularly one that is large, complex, or involves substantial resources.

IT

Information Technology, referring to the use of computers, software, and networks for the processing and distribution of data.

ERP Systems

Enterprise Resource Planning systems integrate various functions across an organization into a unified database to streamline processes and information across the organization.