A Virtual Organization May Be Most Appropriate for Firms

question 35

Multiple Choice

A virtual organization may be most appropriate for firms

• A) whose strategies require merging technologies.
• B) whose product life cycles are just beginning.
• C) who have no need to get to market quickly with new offers.
• D) who have no need to meet competitive pressures.

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Definitions:

Real GDP

Measures the value of all final goods and services produced within a country's borders in a specific time period, adjusted for inflation.

Aggregate Supply

The aggregate amount of products and services generated inside an economy, measured at a specific overall price level during a defined timeframe.

Technological Progress

The overall process of invention, innovation, and diffusion of technology or processes, which typically contributes to economic growth.

Aggregate Demand

The totality of market demand for goods and services within an economy, set at an agreed-upon general price level over an established period.