A Term for a Division,segment or Branch of an Organisation

question 33

Multiple Choice

A term for a division,segment or branch of an organisation is:

• A) business unit.
• B) entity.
• C) corporation.
• D) firm.

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Definitions:

Consumer Surplus

The divergence between the sum consumers are prepared to pay for a product or service and the sum that is actually paid.

Maximum Price

A price ceiling set by a government or regulatory body, above which a particular good or service cannot be sold, often to protect consumers.

Equilibrium Prices

The price at which the quantity of a good supplied is equal to the quantity demanded, leading to market balance.

Consumer Surplus

The difference in the total amount that customers are ready and financially able to invest in a good or service and the amount they truly pay.