In the Integration-Responsiveness Grid the

question 25

Multiple Choice

In the integration-responsiveness grid the

• A)vertical axis measures pressures for global integration, and the horizontal axis measures pressures for local responsiveness.
• B)horizontal axis measures pressures for local interaction, and the vertical axis measures pressures for global responsiveness.
• C)horizontal axis measures financial viability, and the vertical axis measures employee satisfaction.
• D)vertical axis measures employee satisfaction, and the horizontal axis measures management credibility.
• E)vertical axis measures pressures for global systems capacity, and the horizontal axis measures pressures for local financial success.

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Definitions:

Profit Maximizing

A financial strategy or goal of businesses to achieve the highest possible profit, where marginal revenue equals marginal cost.

Marginal Revenue

The additional revenue a firm gains from selling one more unit of a good or service.

Monopolist

A market participant that is the sole seller of a product or service, having significant control over its price.

Demand Curve

illustrates the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.