A Virtual Corporation

question 105

Multiple Choice

A virtual corporation:

• A) acts primarily as a coordinator.
• B) has no need for suppliers because it produces everything it needs or sells.
• C) does none of its production "in house".
• D) All of these.
• E) Acts primarily as a coordinator and does none of its production "in house" only.

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Definitions:

Merger

The voluntary fusion of two or more entities into one, usually to gain a competitive edge or achieve higher efficiency.

Self-Examination

The process of introspectively analyzing one's own thoughts, feelings, and actions to gain self-awareness or insight.

Strategic Plan

A document that outlines an organization's strategy for achieving its goals over a specific timeframe, including objectives, action plans, and resource allocation.

Implementation

The process of putting a decision or plan into effect; execution.