A System Formed by the Interactions of a Community of Organizations

question 85

Multiple Choice

A system formed by the interactions of a community of organizations and their environment is referred to as a(n) :

• A) interorganizational relationship.
• B) organizational ecosystem.
• C) collaboration network.
• D) institutional environment.

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Definitions:

Low-Opportunity Cost Producer

An individual or company that can produce goods or services at a lower opportunity cost than competitors.

High Opportunity Cost

The significant loss of potential gain from other alternatives when one option is chosen.

International Trade

The transfer of commodities, services, and finance across the borders or territories of various nations.

Volume Of Trade

The total quantity of shares or contracts traded for a particular financial instrument or market during a given period.