According to the Textbook,the U

question 158

Multiple Choice

According to the textbook,the U.S.debt-to-GDP (gross domestic product) ratio in 2013 amounted to

• A) 100 percent.
• B) 220 percent.
• C) 50 percent.
• D) 67 percent.
• E) 33 percent.

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Definitions:

Cost Leadership

is a business strategy aimed at achieving the lowest operational costs in the industry to offer products or services at competitive prices, often resulting in a high market share.

Organic Structure

An organizational configuration that is flexible, adaptive, and decentralized, designed to enable rapid response to changes.

Organizational Strategy

A plan of action designed to achieve long-term or overall goals and objectives of an organization.

Structure

The arrangement of and relations between the parts or elements of something complex.