Match the Following

question 10

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Changing customers' perceived needs

• A)Direct influence
• B)Organization design
• C)Strategic response
• D)Mergers,takeovers,acquisitions,and alliances
• E)Information management

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Definitions:

Price Floor

A price floor is a government- or authority-imposed minimum price set above the equilibrium price, preventing the market price from falling below it.

Shortage

A situation where demand for a product or service exceeds its supply in a market.

Surplus

The amount by which the quantity supplied of a good exceeds the quantity demanded at a specific price.

Price Ceiling

A legal maximum price set below the equilibrium price, preventing sellers from charging more than this amount.