Figure 7-21 -Refer to Figure 7-21.Sellers Whose Costs Are Less Than the Are

question 409

Multiple Choice

Figure 7-21

-Refer to Figure 7-21.Sellers whose costs are less than the equilibrium price are represented by which line segment?

• A) AC.
• B) CK.
• C) BC.
• D) CH.

---

Definitions:

External Environment

External factors, forces, situations, and events outside the organization that can affect its performance and strategies.

Bureaucracy

A rational and efficient form of organization founded on logic, order, and legitimate authority.

Formal Authority

The power or right, usually derived from a position or office, to make decisions, give orders, and enforce obedience.

Network Structure

An organization structure that uses information technologies to link with networks of outside suppliers and service contractors.