A Poverty Trap

question 119

Multiple Choice

A poverty trap:

• A) occurs when poor nations save "too much."
• B) is a self-reinforcing mechanism that causes the poor to stay poor.
• C) occurs when nations devote too much of the budget to foreign aid and not enough to domestic poverty.
• D) is the legislative struggle that occurs when passing poverty-reducing legislation.

Comprehend the relationship between efficiency in value chain activities and competitive advantage.

Analyze the impact of individual value chain activities on a firm's overall strategy.

Understand the tools and frameworks for analyzing future changes in an industry.

Recognize the role of market entry barriers and how they affect industry dynamics.

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Definitions:

Team-Based Structure

A team-based structure in an organization is a framework that emphasizes teamwork, with employees grouped into project teams or work-groups that operate semi-autonomously to accomplish specific tasks.

Structural Features

Refers to the inherent characteristics or properties that define the composition or arrangement of a system or entity.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that dictate how an organization's activities are coordinated and managed.

Production Management

The planning, coordination, and control of industrial processes to ensure that goods are produced efficiently, on time, and within budget.