Use the Following to Answer Questions

question 182

Multiple Choice

Use the following to answer questions:
Figure: Trade
-(Figure: Trade) Refer to the figure. With free international trade, the country in this figure will find that the good:

• A) becomes cheaper for domestic consumers.
• B) becomes more expensive for domestic consumers.
• C) does not change in price.
• D) may get cheaper or more expensive for domestic consumers but it is impossible to tell.

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Definitions:

Organizational Strategy

A high-level plan to achieve one or more goals under conditions of uncertainty.

Internal Fit

The alignment between an organization’s strategies, practices, and the characteristics of its internal environment.

Human Capital Perspective

Viewing employees as valuable assets whose investments in skills and abilities contribute to organizational success.

Organization's Strategy

The comprehensive plan formulated by an organization to achieve its long-term goals and objectives.