Increasing the Number of Persons with Whom an Individual Comes

question 20

Multiple Choice

Increasing the number of persons with whom an individual comes into contact makes it impossible for that individual to know everyone well. The result is knowing many people, but only in their partial roles. This concept is known as

• A) primary group ties.
• B) secondary group ties.
• C) segmentalization.
• D) heterogeneity.

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Definitions:

Taxes

Mandatory financial charges or levies imposed by a government on individuals or organizations to fund public expenditures.

Total Profits

A rephrased definition would be: The cumulative financial gain a company achieves after deducting all operational, production, and overhead costs from its revenue.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Network Design Decisions

Strategic choices made regarding the layout and functioning of a supply chain network, including locations of facilities and distribution routes.