Which of the Following Is an Advantage of a Large

question 42

Multiple Choice

Which of the following is an advantage of a large organization?

• A)Ability to move fast
• B)Ability to target market niches
• C)Reduction of bureaucracy
• D)Easier access to capital
• E)Greater employee involvement

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Definitions:

Perfect Complements

Goods that are consumed together in fixed proportions, such that the consumer regards them as inseparable in use.

Income Effect

The change in an individual's or economy's purchasing power generated by a change in income, affecting the quantity demanded of a good or service.

Substitution Effect

The change in consumption patterns due to a shift in relative prices, leading consumers to substitute one product for another more affordable one.

Price Change

An adjustment in the cost of a good or service, which can be an increase or decrease from its previous amount.