Match the Options Below with the Correct Phrase

question 129

Multiple Choice

Match the options below with the correct phrase:
-integration strategy

• A)a type of business with large market share in a rapidly growing industry
• B)a type of business with a large market share in a stable, slow-growth industry
• C)managers use this strategy to stabilize supply lines, reduce costs, or consolidate competition
• D)responding to environmental threats in a somewhat haphazard way
• E)a strategy for holding your own ground in the market
• F)an autonomous business division within a corporation that has its own product, market, and competitors
• G)a corporate-level strategy for moving into new products or markets
• H)the size or position of the business in the environment
• I)the overall or total plan of action
• J)a plan that focuses on how each product line or business unit competes within an organization

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Definitions:

The General Theory of Employment, Interest, and Money

A seminal work by John Maynard Keynes that laid the foundation for Keynesian economics and the study of macroeconomics.

Long-Run Aggregate Supply

Long-Run Aggregate Supply (LRAS) represents an economy's total production capacity when all factors of production are fully utilized, assuming constant technology and resource availability.

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, giving a more accurate reflection of the economy's size and how it's growing over time.

Business Cycles

Fluctuations in economic activity characterized by periods of expansion (growth) and contraction (recession) in an economy.