Which of the Following Statements BEST Describes Current Thinking Regarding

question 35

Multiple Choice

Which of the following statements BEST describes current thinking regarding processes?

• A)If companies concentrate on how functional areas like marketing,finance,and operations are organized,then everything will be fine.
• B)Managing functional areas like marketing,finance,and operations is essentially the same thing as managing what a business does.
• C)If the individual functional strategies of marketing,finance,and accounting are aligned with the overall business strategy,then everything will be fine.
• D)Developing superior business processes requires a cross-functional and cross-organizational perspective.

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Definitions:

Law of Demand

The principle that, all else being equal, as the price of a good or service decreases, the quantity demanded increases, and vice versa.

LCD Televisions

A type of television that utilizes Liquid Crystal Display technology to project images, known for their slim profiles and energy efficiency.

Decreasing-cost Industry

An industry where average costs of production decrease as the industry grows, often due to economies of scale.

Demand Curve

An economic representation that illustrates the quantity of a good that consumers are willing and able to buy at various prices, typically downward sloping from left to right.