Emergent Strategies

question 41

Multiple Choice

Emergent strategies

• A) are often a result of unplanned action taken in response to unforeseen circumstances.
• B) are the result of rational planning.
• C) are the product of intended strategies
• D) always begin at the top level of an organization.
• E) lead to deliberate strategies.

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Definitions:

Consumer Surplus

The contrast between the overall amount consumers are prepared and financially capable to invest in a good or service and the actual amount paid.

Marginal Cost

The incremental expense associated with the production of an extra unit of a good or service.

Single Seller

A market structure where there is only one provider of a product or service.

Collusively Agreed

An arrangement or agreement among competing entities to limit competition, usually regarding pricing or market sharing.