In Economics,one of the Effects of Scarcity Is

question 163

Multiple Choice

In economics,one of the effects of scarcity is

• A)disutility.
• B)utility.
• C)choice.
• D)inefficiency.

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Definitions:

Corporate Strategies

High-level strategies formulated by top management to achieve corporate objectives and manage the business portfolio and growth of an organization.

Intended Strategies

Intended strategies are the planned strategies that an organization decides to pursue to achieve its goals, reflecting deliberate decision-making processes.

Strategic Plan

A document that outlines an organization's long-term goals and the actions necessary to achieve them.

Value Statement

A written declaration that communicates an organization's core values and ethical principles to its stakeholders.