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What Is a Virtual Organization? Name an Example of a Company

question 45

Essay

What is a virtual organization? Name an example of a company or an industry that uses one. List its strengths and weaknesses.


Definitions:

Market Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Jazz Festival

A musical event focusing primarily on jazz music, often featuring performances by various artists.

Scalping

The practice of buying tickets to an event and reselling them at a higher price for profit, often just before the event occurs.

Free Trade

An economic policy that allows imports and exports between countries with minimal government interference or tariffs.

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