Question

Cree markets LED (light-emitting diode) bulbs that replace the traditional incandescent bulb. A CreeLED bulb consumes 85 percent less energy and lasts for 25,000 hours. Cree is an example of

a. a cooperative.
b. an industry.
c. a nonprofit organization.
d. a business firm.
e. a government agency.

Answer 1

Cree markets LED (light-emitting diode) bulbs that replace the traditional incandescent bulb. A CreeLED bulb consumes 85 percent less energy and lasts for 25,000 hours. Cree is an example of Option D, a business firm.

Step-by-step explanation:

Organizations can be classified as profit organizations, non-profit organizations and government organizations.

Profit organizations are responsible to pay taxes, whereas non profit ones are exempted from paying tax.

Non profit ones are dependent on public sector who can fund them. These include hospitals, national charities and churches.

A government agency looks after the specific functions like intelligence agency.

The given example is of a business firm, which sells products for earning profits. It has replaced traditional bulbs and saves energy.