What Do Economists Call a Set of Actions That a Firm

question 174

Multiple Choice

What do economists call a set of actions that a firm takes to achieve a goal, such as maximising profits?

• A)a business strategy.
• B)a payoff matrix.
• C)the Porter's Competitive Forces plan.
• D)game theory.

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Definitions:

Articles Of Partnership

A legal document that outlines the rights, responsibilities, and obligations of each partner in a business partnership.

Voting Rights

The entitlements of individuals to participate in the election of their representatives and on other matters through the act of voting.

Management Rights

The authority and powers held by managers and employers to make decisions about operating their businesses.

Articles Of Partnership

A written agreement between partners setting out the terms and conditions of their partnership business.