In the Context of the Vertical Structure of a Firm

question 69

Multiple Choice

In the context of the vertical structure of a firm, a wide span of control builds a ________ organization with few reporting levels.

• A) flat
• B) centralized
• C) tall
• D) bureaucratic
• E) formal

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Definitions:

Competitive Advantages

The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer service.

Core Competencies

Unique abilities or strengths of an organization that provide competitive advantage and cannot be easily imitated by others.

Target Markets

These are specific groups of consumers or organizations a business aims to serve or sell its products and services to.

SWOT Analysis

A strategic planning tool that assesses an organization's strengths, weaknesses, opportunities, and threats.