Session 4: Economics: Microeconomic Analysis
Reading 16: Organizing Production
LOS g: Explain why firms are often more efficient than markets in coordinating economic activity.
The production of a rock concert is an example of which type of organization of an economic activity?
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B) |
Systemic coordination. | |
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Market coordination occurs when a firm employs resources outside the firm more efficiently than if they relied only on internal resources. An example is through the coordination of more than one market such as the production of a rock concert which involves many different markets (e.g., marketing, vending, musicians, security, facilities procurement, etc.). | 
发表于 2011-3-6 15:56
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