The ________ of a Business Firm Is the System That

question 108

Multiple Choice

The ________ of a business firm is the system that details lines of authority, responsibility, and position, similar to the structure on organization charts.

• A) matrix reloaded structure
• B) formal organization
• C) informal organization
• D) normative design

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Definitions:

Promotional Mix

The combination of marketing tools and strategies used to promote a product or service to the target market, including advertising, sales promotion, public relations, and personal selling.

Attendance

The act of being present at a location or event.

Situational Analysis

It refers to the process of identifying internal and external factors that affect an organization's performance, aimed at informing strategic planning.

Strategic Decisions

High-level choices made by an organization's leadership concerning the overall direction and objectives of the company.