A Group of Shared Characteristics, Behaviors, and Goals That a Firm

question 85

Multiple Choice

A group of shared characteristics, behaviors, and goals that a firm follows in a particular business situation is known as a

• A) business model.
• B) strategic plan.
• C) firm strategy.
• D) business profile.

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Definitions:

Self-Managed Operating

A system where teams or individuals have the autonomy to plan, execute, and control their tasks and responsibilities with minimal direct supervision.

Work Procedures

Work procedures are the established methods and processes designed to guide the completion of tasks within an organization or workplace, ensuring efficiency and consistency.

Membership Stability

The extent to which membership within a group or organization remains constant over time, minimizing turnover.

Cohesiveness

The extent to which members of a group or team are bound together, promoting unity and increased group effectiveness.