C K Prahalad and His Associates Introduced a New Concept into into the Discussion

question 77

Multiple Choice

C. K. Prahalad and his associates introduced a new concept into the discussion of developing countries and markets-bottom-of-the-pyramid markets (BOPMs) -consisting of the 4 billion people across the globe with annual incomes of less than

• A) $400.
• B) $1,200.
• C) $ 2,500.
• D) $ 3,700.
• E) $ 4,200.

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Definitions:

Strategy Formulation

The process of determining the best courses of action for achieving long-term organizational objectives and competitive advantage.

Division of Labour

The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency and productivity.

Vertical Dimension

Pertains to the hierarchical structure within organizations or systems, indicating levels of authority or rank from lower to higher.

Horizontal Dimension

In organizational contexts, it refers to the extent of collaboration and integration across different departments or functions within the company.