Walter Gary Corp

question 26

Multiple Choice

Walter Gary Corp., a multinational consumer electronics firm, set up several branches around the globe to cater to the needs of its global customers and expand its reach. As part of this initiative, it appointed vice presidents of marketing and vice presidents of finance and accounting for every geographical region. In the context of the 7 S model of organizational alignment, this is an example of _________.

• A)strategy
• B)structure
• C)style
• D)skill

---

Definitions:

Equilibrium Price

The price at which the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Consumer Surplus

The variance highlighting consumers' willingness to pay a higher amount than what is actually spent on a good or service.

Economic Signals

Indicators or pieces of information that guide economic decisions and actions by conveying important data about market conditions.

Marketplace

A physical or virtual space where buyers and sellers converge to trade goods, services, or information.