Maysteel,which Makes Components for Electric Utilities,has Created a Solution That

question 101

Multiple Choice

Maysteel,which makes components for electric utilities,has created a solution that allows its six plant managers in Wisconsin and Ireland to access customized information about the costs and sales at the other plants.The only people who can access this information is its managers.Which of the following describes this solution?

• A) a work station
• B) an enterprise portal
• C) an internal network
• D) a virtual network

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Definitions:

Competitive Industries

Sectors of the economy characterized by a large number of firms competing fiercely with one another to sell similar products or services.

Monopoly Power

The ability of a single company or entity to control and dominate an industry or market, limiting competition and potentially manipulating prices.

Perfectly-Elastic

Describes a situation where the quantity demanded or supplied responds infinitely to changes in price.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.