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The Viability of a Virtual Organization as the Proper Design

question 36

Essay

The viability of a virtual organization as the proper design approach is centered on two major issues.The first is the conclusion that the virtual arrangement results in economic gains of acquiring goals and services from specialized firms.What is the second issue?


Definitions:

Identical Firms

Companies within a market that produce homogeneous products or services with no distinct differences from the consumer's perspective.

Market Supply Curve

The market supply curve is a graphical representation that shows the relationship between the quantity of goods that producers are willing to sell and the price of these goods.

Competitive Market

A market structure in which many firms offer products or services that are similar, allowing consumers to have choices, leading to lower prices due to competition.

Long-Run

A period in which all factors of production and costs are variable, allowing for full adjustment to any changes.

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