Alfred Chandler Found That Firms Grow in a Predictable Pattern

question 58

Multiple Choice

Alfred Chandler found that firms grow in a predictable pattern and that the firm's growth patterns determine its structural form. Which form corresponds to the FINAL stage in Chandler's theory?

• A)functional
• B)simple
• C)vertically integrated
• D)multidivisional

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Definitions:

Implied Bailment

A situation where possession of property is transferred without explicit agreement, with an understanding that the property will be cared for and returned.

Unlocked Locker

A storage unit or compartment that is not secured with a lock, potentially exposing contents to theft or unauthorized access.

Cell Phone

A portable, wireless telephone for making calls over a cellular network, not restricted by physical connection lines.

Confusion

A lack of clarity or understanding, often leading to errors or misinterpretation.