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Morrison and Sons,a financial firm,is developing a business continuity plan.The firm has already compiled a list of the various potential threats to the organization and its assets and is now in the process of identifying the impact each these threats would have on the business's operations,should they come to fruition.The company is in which phase of business continuity planning?
Types of Goods
Classification of goods based on characteristics such as excludability, rivalry in consumption, and the nature of the product (e.g., public goods, private goods, club goods).
Free-Ride
To benefit from a resource, good, or service without providing fair compensation or contribution.
Cable TV
A system of delivering television programming through coaxial or fiber-optic cables directly to subscribers' premises.
Club Good
A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not reduce its availability to others.
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