Which Theory Argues That Organizations Try to Minimize Their Reliance

question 34

Multiple Choice

Which theory argues that organizations try to minimize their reliance on other organizations for the supply of important materials and try to influence the environment to make sure the materials they need are available?

• A) interorganizational theory
• B) environmental resource theory
• C) resource-dependence theory
• D) economic-supply theory

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Definitions:

Elasticity

A measure in economics of how much the quantity demanded or supplied of a good changes in response to changes in its price or other factors.

Substitutes Available

Products or services that can be used in place of one another, providing consumers with choices in the marketplace.

Elastic

Describes a situation in which the quantity demanded or supplied changes significantly in response to a change in price.

Demand

The desire of consumers, backed by the ability and readiness to purchase, for specific goods or services at a given time.