What Happens When a Company or Organization Takes a Task

question 9

Multiple Choice

What happens when a company or organization takes a task or a problem that normally would be performed by employees and gives it to a group of people to solve?

• A) Internalization
• B) Reactance
• C) Crowdsourcing
• D) Semiotics

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Definitions:

Price Inelastic

Describes a situation where the demand for a product does not significantly change with a price increase or decrease.

Total Revenue

The total amount of money a firm receives by selling goods or services, calculated as the unit price times the quantity sold.

Same Direction

Refers to variables that move or change in unison, indicating a positive correlation where if one increases, the other also increases, and vice versa.

Chocolate Chip Cookie Dough

A mixture used to bake chocolate chip cookies, often considered for its raw consumption appeal as well.