A(n)_____________ Includes Organisations in All the Sectors of the Task

question 1

Multiple Choice

A(n) _____________ includes organisations in all the sectors of the task and journal environments that provide the resources and information transactions,flows and linkages necessary for an organisation to thrive.

• A) industry
• B) cluster
• C) network
• D) organisational ecosystem
• E) None of these choices.

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Definitions:

Firm

A business organization, such as a corporation or partnership, which sells goods or services in exchange for money.

AFC

Average Fixed Cost, the fixed costs of production divided by the quantity of output produced.

Variable Costs

Costs that change in proportion to the good or service that a business produces, such as materials and labor.

Output

The sum of all products or services generated by a business or economic system.