The Aircraft Engine Division of General Electric,which Competes with Pratt

question 145

Multiple Choice

The aircraft engine division of General Electric,which competes with Pratt & Whitney,has its own mission and a strategy that often differs considerably from other parts of the corporation.What is a division such as this called?

• A) An independent business
• B) A strategic business unit
• C) An entrepreneurship
• D) A functional department
• E) A competitive unit

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Definitions:

GDP

Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of economic health.

Consumption Expenditures

The total amount spent by consumers on goods and services.

Net Capital Outflow

The investment gap where residents of a country engage in foreign asset acquisition versus foreign entities buying up local assets.

Net Exports

The value of a country's total exports minus its total imports, representing the balance of trade between a country and its trading partners.