Virtual Corporations Are

question 33

Multiple Choice

Virtual corporations are:

• A) Based on the divisionalised form of organisational structure
• B) Permanent businesses that rely mainly on the internet to establish their marketing
• C) Do not need to follow government laws when hiring and laying off employees
• D) None of the options listed here is correct

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Definitions:

Elastic Portion

The segment of a demand curve where a change in price leads to a more than proportional change in the quantity demanded, indicating high price sensitivity.

Linear Demand

A type of demand where there is a constant relationship between the quantity demanded and price, represented by a straight line on a graph.

Price Inelastic

A situation in which the demand for a good does not change significantly in response to a change in price, indicating that consumers are less sensitive to price changes.

Linear

A term used to describe something that forms a straight line or a process that proceeds in steps of equal increments.