As a Manager at a Manufacturing Company, Mary Is Responsible

question 28

Multiple Choice

As a manager at a manufacturing company, Mary is responsible for activities that are directly connected to the organizational goals and its sources of competitive advantage. Mary should focus on the political strategy of ________ to grow her influence.

• A)bringing in outside experts
• B)being in a central position
• C)building alliances
• D)controlling uncertainty
• E)generating resources

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Definitions:

Purely Competitive Seller

Describes a market situation where a large number of sellers offer identical products, and no single seller can influence the market price.

Product Price

The amount of money charged for a product or service, or the sum of the values that consumers exchange for the benefits of having or using the product or service.

Purely Competitive Market

A market structure characterized by a large number of small firms, all selling identical products, with no single firm able to influence the market price.

Total Cost

The sum of all the expenses incurred in the production of a good or service, including both fixed and variable costs.