The Three Main Functions of Systems Consist of

question 44

Multiple Choice

The three main functions of systems consist of

• A) role delegation, relationship building, and boundary making.
• B) interface, goal direction, and relationship building.
• C) goal direction, input and output.
• D) differentiation, communication, and goal direction.
• E) input, output, and interface.

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Definitions:

Profit-Maximizing Output

The level of production at which a company achieves its highest profit, balancing revenue against costs.

Same Price

A situation where different goods, services, or commodities are sold for an identical amount of money.

Price Customers

Refers to consumers whose purchasing decisions are primarily influenced by the price of goods or services.

Operate As Cartel

Operate as cartel means when independent businesses collectively agree to control production, market, and prices of a product to monopolize a market.