You Wish to Outsource Many of the Functions That Are

question 60

Multiple Choice

You wish to outsource many of the functions that are usually performed internally. You have chosen to operate your business as a

• A)matrix organization.
• B)virtual organization.
• C)team structure.
• D)matrix structure.
• E)simple organization.

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive in the market, reflecting extra benefit or profit.

Gain In Producer Surplus

An increase in the difference between what producers are willing to accept for a good versus what they actually receive.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of a good or service.

Chocolate Market

The economic marketplace that encompasses the production, distribution, and sale of chocolate products.