Which of the Following Structures Can Detect and Exploit Opportunities

question 27

Multiple Choice

Which of the following structures can detect and exploit opportunities in their respective consumer base faster?

• A)Functional structure
• B)Divisional structure
• C)Decentralized structure
• D)Centralized structure
• E)Mechanistic structure

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Definitions:

Monopolistically Competitive

Referring to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Pure Monopolist

A market structure where a single firm is the sole producer for a product or service, with no close substitutes, giving it significant market power.

Perfectly Elastic

describes a market situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating overall profitability beyond breakeven.