The Formal and Legitimate Right of a Manager to Make

question 41

Multiple Choice

The formal and legitimate right of a manager to make decisions is _____.

• A) delegation
• B) responsibility
• C) authority
• D) span of management
• E) leadership

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Definitions:

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specific time period, indicating the company's size and competitiveness in the market.

BCG Matrix

The BCG matrix is a framework for analyzing a company's product portfolio based on market growth and market share, categorizing them as stars, question marks, cash cows, or dogs.

Cost Leadership Strategy

A business approach aiming to become the lowest-cost producer in the industry, often by achieving economies of scale.

Competitive Advantage

The conditions that allow a company or country to produce goods or services more effectively than competitors.