What Is an Organisational Fit

question 2

Multiple Choice

What is an organisational fit?

• A)It refers to a firm using a highly centralised organisation structure in its early growth and effectively responding to the changes in the market.
• B)It is a fit between an organisation's marketing strategy and the needs of its target customers and the technological realities of the marketplace.
• C)It refers to a well-conceived foundation that permits effective implementation of a particular strategy.
• D)It is the fit between a business's competitive and marketing strategies and the organisational structures,processes and plans necessary to effectively implement them.

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Definitions:

Substitute Products

Products that can serve as replacements for each other; when the price of one product rises, the demand for its substitute may increase.

Reverse Auctions

An auction model in which the roles of buyer and seller are reversed, with sellers competing to obtain business from the buyer by offering the lowest price.

Higher Prices

Increased costs for goods or services, often resulting from factors like high demand, low supply, or increased production costs.

Clicks-And-Mortar

Refers to businesses that combine online digital presence (clicks) with physical storefronts (mortar) to offer a comprehensive retail experience.