An Increasingly Large Number of Firms Are Changing Their Organizational

question 155

Essay

An increasingly large number of firms are changing their organizational focus from ________ to ________.
product management; functional management
product management; geographic management
brand management; customer relationship management
geographic management; functional management
global management; regional management

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Definitions:

Production Constraint

A limitation or bottleneck in the production process that restricts output, efficiency, or the utilization of resources.

Profits

The financial gain achieved when the revenues from business operations exceed the expenses, costs, and taxes involved in sustaining the operation.

Opportunity Costs

The value of the best alternative that is foregone when a different option is chosen.

Special Order

A one-time order that is not considered part of the company’s normal ongoing business.