Which of the Following Illustrates a Firm That Has Achieved

question 12

Multiple Choice

Which of the following illustrates a firm that has achieved competitive advantage through flexibility?

• A) A firm that creates customized products based on each of its customer's preferences
• B) A firm that produces goods by maintaining high quality standards
• C) A firm that ensures speedy delivery of goods compared to its competitors
• D) A firm that develops products with unique features that are not made available by any of its competitors
• E) A firm that develops timely new products

Identify the environmental factors influencing organizational functionality and design.

Recognize the importance of organizational design in facilitating effective communication and goal accomplishment.

Distinguish between different organizational designs: network, multidivisional, geographical, and product designs.

Assess the impact of organizational design on decision making, information flow, and response to environmental changes.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Internal Transactions

financial events that affect the internal accounting of an organization without involving another entity.

External Transactions

Financial activities involving an entity and another party outside the entity, such as sales, purchases, and financing agreements.

Basic Accounting Equation

The fundamental principle of accounting: Assets = Liabilities + Equity, reflecting the balance of a company's financial position.