Answer:
Every society, regardless of its political structure, must develop an economic system to determine how to use its limited productive resources to answer the three basic economic questions of what, how, and for whom to produce
Explanation:
The Chinese kept silk production a secret because it was very important to their culture and economy for thousands of years.
Answer:
The correct option is E: Functional strategies are shaped by corporate strategy.
Explanation:
Before an organization starts functional, it must have done all its analysis, which includes market analysis, legal analysis, and other analysis before entering into a market. It is after this is done that the organization will adopt a strategy that will guide how things will be done (Corporate Strategy). Corporate strategy impact functional strategies. Functional strategies are usually set up to support the corporate strategy.
