What Is the Rule for Organizing the Work Effort to Support

question 112

Multiple Choice

What is the rule for organizing the work effort to support good strategy execution?

• A)Match the firm's organizational structure to its unique strategy.
• B)Decide how much to spend on training managers and employees.
• C)Choose an organization structure that is a tight fit with the corporate culture.
• D)Ensure the firm hires a capable management team.
• E)Learn how the collaborative partner does things.

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Definitions:

Predatory Pricing

A strategy where a company sets very low prices to eliminate competition and establish a monopoly in the market.

Tacit Collusion

An unspoken, implicit understanding among competitors to avoid certain competitive behaviors, such as price cutting.

Quantity-fixing Agreements

involve deals or arrangements between competing businesses to restrict output levels, aiming to influence market prices or conditions.

Price-leadership Model

A market strategy where one dominating firm sets the price for its product, and other firms in the industry follow suit, often observed in oligopolistic markets.