Which of the Following Is an Advantage of a Network

question 23

Multiple Choice

Which of the following is an advantage of a network structure?

• A) Network structures are lean and streamlined.
• B) If one part of the network breaks down or fails to deliver, the other parts of the network will continue working.
• C) A network structure is characterized by technology that enables the organization to have control over activities contracted out.
• D) A network structure has an efficient vertical management system.
• E) Network structures have a relatively large central core that gives them stability.

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Definitions:

Economic Profits

The excess of total revenues over total costs, including both explicit and implicit costs.

Perfect Competition

An ideal market structure characterized by infinite buyers and sellers, identical products, and no barriers to entry or exit.

Perfect Competition

A market structure characterized by many sellers and buyers, homogenous products, and no barriers to market entry or exit, leading to optimal pricing and efficiency.

Industry-wide Price

Industry-wide price refers to the general price level or average price for goods and services across a specific industry, reflecting the collective pricing trends and benchmarks.