In the Context of Organizational Direction,a Business Refers to

question 364

Multiple Choice

In the context of organizational direction,a business refers to

• A)the daily operational decisions that must be implemented for an organization to remain viable.
• B)exchange transactions between seller and buyer in order for the seller to make sales and earn profits.
• C)the clear,broad,underlying industry or market sector of an organization's offering.
• D)an organization that develops an offering.
• E)the objectives of a firm and the strategies and tactics that will allow it to achieve them.

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Definitions:

Demand

The desire of purchasers, consumers, or clients for a particular good or service, coupled with the capacity to purchase it.

Variable Cost

Expenses that vary directly with the level of production or sales, including costs for raw materials and direct labor.

Mixing Machines

Equipment used in various industries such as food, pharmaceuticals, and chemicals to combine or blend different ingredients into a homogeneous mixture.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.