How Does the Text Recommend That a Company Operate If

question 142

Multiple Choice

How does the text recommend that a company operate if it wants to be successful in the information age?

• A)Functionally independent between departments.
• B)Interdependently between departments.
• C)Together as one department with little or no independence.
• D)Each department acting as its own individual business unit.

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Definitions:

Competitive Forces

External factors that influence the competitive position of a firm within an industry, including competition, potential entrants, substitutes, buyers, and suppliers.

Profitability

A measurement of the efficiency and effectiveness of a company at generating profits from its operations.

Competition And Profitability

The relationship between the competitiveness of a market and the ability of firms within that market to generate profits.

Competitive Forces

The external factors that influence the competitive position of a firm in an industry or market.