According to the Textbook, Dropbox, Facebook, and LinkedIn Are Examples

question 28

Multiple Choice

According to the textbook, Dropbox, Facebook, and LinkedIn are examples of ________ firms.

• A) lifestyle
• B) salary-substitute
• C) industry-standard
• D) entrepreneurial
• E) standard-of-living

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Definitions:

Walmart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its scale and efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Operational Effectiveness

Refers to an organization's ability to perform activities more effectively and efficiently than its competitors, leading to superior performance.

Supply Chain

The entire system of production, handling, and distribution of goods from raw materials to final products to the consumer.