Low Vertical Differentiation, Low Horizontal Differentiation, and Low Formalization Are

question 11

Multiple Choice

Low vertical differentiation, low horizontal differentiation, and low formalization are characteristics of an organization that carries out ________.

• A) unit production
• B) mass production
• C) process production
• D) flow production

Identify and explain the core concepts of cloud computing.

Describe the different cloud service models (IaaS, PaaS, SaaS).

Understand the operational and strategic benefits of using cloud computing in organizations.

Recognize different types of cloud deployments (e.g., public, private, hybrid, community).

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Definitions:

Short-run Industry

A period in which at least one factor of production is fixed, and firms can only partially adjust their production levels.

Game-day T-shirts

Merchandise specifically designed and sold for sporting events, often featuring team logos or slogans to support the team.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, homogenous products, and perfect information.

Short-run Industry

A period in economic analysis where at least one input is fixed, limiting the industry's ability to adjust to changes in market conditions.