When a Chain of Coffee Shops Teams with a Communications

question 84

Multiple Choice

When a chain of coffee shops teams with a communications company to provide faster wireless Internet service to its customers, this is an example of

• A)continuous process.
• B)a strategic alliance.
• C)mass customization.
• D)an organic structure.
• E)the value chain.

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Definitions:

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the consuming behavior independent of current income.

Aggregate Household

The combined and total measure of all consumers in an economy, accounting for all spending and consumption.

Disposable Income

The amount of money that individuals or households have available to spend or save after income taxes have been deducted.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the amount that needs to be consumed to sustain a basic standard of living.