What Is the Argument Made by the Fit Perspective

question 53

Multiple Choice

What is the argument made by the fit perspective?

• A) A culture is "good" only when it fits the industry's or the firm's strategy.
• B) A culture is appropriate when it fits both market characteristics and the approach or strategy to the market.
• C) An organization adapts the strategy of an organization to its culture.
• D) The lean or flat organization is the most appropriate kind of culture.

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Definitions:

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a specific price level.

Complements

Goods or services that are used together, where an increase in the demand for one leads to an increase in demand for the other.

Demand Curve

A chart that illustrates the correlation between the cost of a product and the amount of the product buyers are prepared and can afford to buy at different price levels.

Complements

Goods that are consumed together because the use of one increases the value of the other, often seen in products that are used in conjunction.