Which Type of Team or Group Is Increasingly Relied Upon

question 34

Multiple Choice

Which type of team or group is increasingly relied upon in global organisations and alliances?

• A) Virtual teams
• B) Internet teams
• C) Cross-functional teams
• D) Self-managed teams

---

Definitions:

Willingness to Pay

The maximum amount an individual is prepared to sacrifice to procure a good or avoid something undesirable.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price for each unit consumed that the buyer is willing to pay.

Output

Output refers to the total amount of goods and services produced by a company, industry, or economy within a given period.