An Organization That Can Quickly Adapt to Changes in the Market,industry,product,law,or

question 16

Multiple Choice

An organization that can quickly adapt to changes in the market,industry,product,law,or other significant external factors is referred to as a(n) ________.

• A) functional enterprise
• B) bureaucratic organization
• C) network organization
• D) agile enterprise

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Definitions:

Service Fee Revenue

Income earned by a company for the provision of services to customers or clients.

Supplying Service

The act of providing services to clients or customers, as opposed to delivering physical goods.

Cost

The amount of money spent on the production or acquisition of a good or service.

Cash

A form of currency that can include bills, coins, and balances in bank accounts that are available for immediate use.