The Components of Organizational Architecture Are ______

question 27

Multiple Choice

The components of organizational architecture are ______.

• A)interdependent on each other
• B)independent of each other
• C)likely to lead to incentive problems
• D)likely to promote corporate culture

---

Definitions:

Market Price

The price at which a good or service is offered in the marketplace.

Differentiated Products

Products that are distinguished from similar products by unique characteristics, branding, or quality, allowing companies to compete beyond price.

Perfectly Competitive

A descriptor of a market scenario where firms face many competitors, sell identical products, and have no control over the market price, leading to optimal efficiency and resource allocation.

Short Run

A time period in which at least one input, like plant size, is fixed and cannot be changed by the firm.