The Basic Format or Structure of a Business Is Referred

question 83

Multiple Choice

The basic format or structure of a business is referred to as ________.

• A) a retail store
• B) a franchise
• C) vertical integration
• D) a retail institution

---

Definitions:

Stability Strategy

A corporate strategy aimed at maintaining the current status of the organization without significant growth or reduction, focusing instead on steady operations and profitability.

Defender Strategy

A competitive strategy where a company focuses on protecting its market share through improving product quality, reducing costs, or enhancing service levels.

Strategic Alternative

Different plans or options a company might adopt to achieve its strategic objectives or address key challenges.

Basic Conditions

Basic Conditions refer to the fundamental terms of employment, including work hours, salary, benefits, and working environment, usually outlined in labor laws or contracts.