An Organization That Coordinates Economic Activity to Deliver Value to Customers

question 90

Multiple Choice

An organization that coordinates economic activity to deliver value to customers using resources outside the traditional boundaries of the organization is known as a(n)

• A) modular network.
• B) horizontal corporation.
• C) strategic business unit.
• D) virtual corporation.
• E) global corporation.

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Definitions:

Price Floor

A government-imposed minimum price that can be charged for a good or service, aimed at preventing prices from falling too low.

Quantity Supplied

Refers to the amount of a good or service that producers are willing to sell at a given price over a specific period.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Rent-Controlled Apartments

Rent-controlled apartments are rental units subject to governmental regulations that limit the amount landlords can charge for rent, often to protect tenants from rapid price increases.