A Firm's __________ Specifies the Work to Be Done and How

question 18

Multiple Choice

A firm's __________ specifies the work to be done and how to do it given the firm's strategy or strategies.

• A) structure
• B) controls
• C) culture
• D) strategy

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Definitions:

Positioning Strategies

Techniques used by businesses to place their products or services in the market so that they stand out to potential customers.

Competitive Advantage

An advantage that a company has over its competitors, allowing it to generate greater sales or margins and/or attract & retain more customers.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship.

Market Segmentation

The strategy of dividing a broad target market into subsets of consumers with common needs, preferences, or characteristics, to then target them more effectively.