Top Managers Are to Middle and Lower-Level Managers as

question 83

Multiple Choice

Top managers are to middle and lower-level managers as

• A) a strategic plan is to an operational plan.
• B) vertical integration is to horizontal integration.
• C) a computer is to a server.
• D) market penetration is to product development.
• E) cost leadership is to differentiation.

---

Definitions:

Indifference Curve

A graph representing combinations of goods that provide the same level of satisfaction to a consumer.

Rational Consumer

An economic concept describing an individual who makes choices that maximize their utility or benefit, based on their preferences and constraints.

Utility Function

A mathematical representation used in economics to model the preference or satisfaction a consumer derives from consuming goods and services.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one good for another.