The Arrangement of Having Discrete Parts of a Task Done

question 49

Multiple Choice

The arrangement of having discrete parts of a task done by different people is called an organization's

• A)coordinated effort.
• B)division of labor.
• C)span of control.
• D)chain of command.
• E)matrix structure.

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Definitions:

Price Sensitivity

The degree to which the demand for a product is affected by changes in its price.

Vertical

Refers to the integration of multiple stages of production and distribution within the same company.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that buyers are willing to purchase.

Marginal Value

Refers to the additional benefit derived from consuming or producing one more unit of a good or service.