Use the Chart Below to Answer the Following Questions Regarding

question 18

Multiple Choice

Use the chart below to answer the following questions regarding flow chart symbols.
-Which symbol would be used in a flowchart to represent a flow of data or documents?

• A) #12
• B) #13
• C) #14
• D) #15

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Definitions:

Excess Capacity

A situation in which a firm is producing at a lower scale of output than it has been designed for, often leading to inefficiency and increased costs.

Over-Differentiation

The excessive creation of variations of products that confuse rather than satisfy consumer needs.

Peak Efficiency

The state of operating at maximum productivity with the lowest waste of resources or effort.

Non-Price Competition

Strategies used by companies to attract customers based on factors other than price, such as quality, service, and brand loyalty.