Some of the Activities of Chase Manhattan Are Organized by Product,some

question 33

Multiple Choice

Some of the activities of Chase Manhattan are organized by product,some by geography,and some by customer.Therefore,Chase Manhattan is said to have a(n) :

• A)U form of business organization.
• B)M form of business organization.
• C)network organization.
• D)mixed design.

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Definitions:

Constant Marginal

A condition where the marginal gain or cost of producing an additional unit remains the same, regardless of the level of production.

Average Cost

Average cost, also known as unit cost, is the total cost of production divided by the number of units produced.

Maximize Profits

A business goal to achieve the highest possible profit by optimizing sales revenue and minimizing costs.

Constant Marginal

Pertains to a situation where the additional cost or benefit of producing one more unit of a good or service remains unchanged.