Which of the Following Would Be Considered a Key Environmental

question 6

Multiple Choice

Which of the following would be considered a key environmental factor that influences global organization design decisions and structure?

• A)strategic importance of international business.
• B)product diversity.
• C)company heritage.
• D)regional trading blocs.
• E)quality of local managerial skills.

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Definitions:

Gain In Producer Surplus

An increase in the difference between what producers are willing to accept for a good versus what they actually receive.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of a good or service.

Chocolate Market

The economic marketplace that encompasses the production, distribution, and sale of chocolate products.

Producer Surplus

The gap between the price at which suppliers are prepared to offer a product and the actual amount they get for it.