A(n)________ Is a Good,service,or Idea That Creates Value for Both

question 301

Multiple Choice

A(n) ________ is a good,service,or idea that creates value for both the organization and its customers by satisfying their needs and wants.

• A)organization
• B)business firm
• C)nonprofit
• D)offering
• E)industry

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Network Organization

Liaisons between specialist organizations that rely strongly on market mechanisms for coordination.

Coordination

The management of dependencies between activities.

Span

Often used in the context of "span of control," referring to the number of subordinates that a manager or leader can effectively oversee.