_____  Are Networks of Independent Companies, Suppliers, Customers, and Manufacturers

question 25

Multiple Choice

_____  are networks of independent companies, suppliers, customers, and manufacturers connected via information technologies so that they can share skills and costs and have access to each other's markets.

• A)Pool organizations
• B)Collated organizations
• C)Merged organizations
• D)Virtual organizations

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Definitions:

Output Effect

The impact on the total production/output of a firm or economy as a result of changing price levels, often referring to the relationship between price changes and quantity supplied.

Price Effect

The impact on consumer demand and supply resulting from changes in the price of goods or services.

Profit-Maximizing Decision

A profit-maximizing decision is a strategic choice made by businesses to ensure the greatest financial return against costs, optimizing profitability.

Oligopoly Market

A market structure characterized by a small number of large firms dominating the industry, often leading to limited competition, and where the actions of one firm can significantly impact the others.