Virtual Corporations

question 115

Multiple Choice

Virtual corporations

• A) may not make anything at all
• B) look for capable suppliers to produce the actual products
• C) act primarily as coordinators
• D) try to come up with good marketing plans
• E) all of the above

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Definitions:

Complements In Production

Goods that are produced together in the same process or that increase productivity when used together.

Corn

A cereal plant that yields large kernels on a cob, used for food for humans and livestock, and as a raw material in industry.

Linear

Pertaining to a straight-line relationship in mathematics or economics, often used to describe a direct proportionality between variables.

Substitutes In Production

Products that can be produced using the same resources or processes as another product, allowing producers to switch between them based on market demand or cost considerations.