In Theory,which of the Following Is True of a Firm

question 148

Multiple Choice

In theory,which of the following is true of a firm implementing a global web of operations versus a single-location competitor?

• A)It should be able to raise the perceived value.
• B)It should be able to increase the cost structure.
• C)It should be able to increase the average price of their product.
• D)It should be able to increase the cost of value creation.

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Definitions:

Organized

Having a structured and systematic arrangement; often refers to entities or groups that are systematically coordinated, such as labor unions.

Efficient

The ability to achieve maximum productivity with minimum wasted effort or expense, often related to processes, systems, or machines.

Continuous Replacement

A strategy that involves regularly updating and replacing resources, assets, or personnel to maintain efficiency and competitiveness.

Part-Time Employees

Workers who are employed for fewer hours than the full-time work schedule, typically resulting in fewer benefits and protections.