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Corporations Are Not the Dominant Organizational Form in All Industries-In

question 15

True/False

Corporations are not the dominant organizational form in all industries-in agriculture and many service industries other forms of business enterprise predominate.


Definitions:

Break Even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a business.

Capacity Alternatives

Different options or strategies a business may consider to adjust or increase its capacity to meet demand.

Market Acceptance

The degree to which a new product, service, or business model is embraced by potential customers and the market at large.

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