Remote Inc

question 69

Multiple Choice

Remote Inc.is a notebook manufacturing company based in Ohio.Remote's main market is Ohio.It aims at providing its products at better prices than its competitors.Which of the following structures is Remote Inc.likely to use if it has functional setup?

• A) organic
• B) simple
• C) matrix
• D) mechanistic

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Definitions:

Productivity

A measure of the efficiency of production, often quantified as the ratio of output to inputs in a manufacturing or production process.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Bilateral Monopoly

A market structure in which there is only one buyer (a monopsony) and one seller (a monopoly), negotiating over the price and quantity of a specific product or resource.

Monopolists

Entities that are the sole providers of a particular product or service in a market, giving them significant control over market price.