A Virtual Organization Is ________ of a Traditional Vertical Hierarchy

question 26

Multiple Choice

A virtual organization is ________ of a traditional vertical hierarchy.

• A) an elaboration
• B) the antithesis
• C) the latest interpretation
• D) a selective application

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Definitions:

Competitive Parity

A strategy where companies set their prices or marketing efforts to match those of their competitors to maintain market share.

Similar Prices

A situation where products or services offered by different businesses have little to no price variation between them.

Major Competitors

The top or primary companies that compete in the same industry or market, offering similar products or services.

Strategy

A plan of action designed to achieve a major or overall aim, often involving detailed methodologies to conquer challenges and achieve long-term goals.