The Process of Matching a Firm's Structure,systems,human Resources,and Management Practices

question 10

Multiple Choice

The process of matching a firm's structure,systems,human resources,and management practices to the competitive landscape is called _____.

• A) external fit
• B) customization
• C) offshoring
• D) vertical integration

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Definitions:

Network Externalities

The effect that the number or size of users of a product or service has on the value of that product or service to other users.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that all consumers in the market are willing to purchase at each price point.

Individuals' Demands

A reference to the total quantity of a good or service that an individual consumer is willing and able to purchase at various prices.

Consumer Surplus

The economic benefit derived by consumers from being able to purchase a product for a price that is less than the maximum price they are willing to pay.