Global Competition That Requires Accelerated Product Innovation, and Increased Demands

question 152

Multiple Choice

Global competition that requires accelerated product innovation, and increased demands by consumers for higher quality and faster deliveries is requiring organizations to adapt to which type of structure in order to be able to compete effectively?

• A)strategic organization
• B)organic organization
• C)mechanistic organization
• D)bureaucracy

---

Definitions:

Net Operating Income

A measure of a company's profitability calculated as its total revenue minus operating expenses, excluding taxes and interest.

Relevant Costs

Costs that should be considered in decision-making because they vary depending on the choices available.

Breaking Even

Refers to the point at which total revenues equal total costs or expenses, resulting in no profit or loss for a business.

Selling Price

The amount for which a product is sold to the customer, determining the revenue generated from sales.