Many Small Businesses Whose Competitors Are National Franchises Advertise "We

question 32

Multiple Choice

Many small businesses whose competitors are national franchises advertise "we are locally owned" or "we have been here since 1951." This is part of these firms'

• A)business mission.
• B)market segmentation strategy.
• C)positioning strategy.
• D)customer excellence strategy.
• E)target market.

Assess the implications of different organizational designs on flexibility, responsiveness, and innovation.

Understand the role of informal learning and its contributions to organizational dynamics.

Analyze the relationship between an organization's structure and its strategy for performance success.

Identify and differentiate between mechanistic and organic organizational designs and their applicability.

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Definitions:

Market Wage Rate

The prevailing rate of pay for a specific job or occupation in a labor market, influenced by supply and demand for labor.

Diminishing Returns

A principle stating that as investment in a single area of production increases, the rate of return from that investment, after a certain point, begins to decrease.

Worker

A person engaged in work, especially in manual or industrial labor, often for wages.