A Firm's Organizational Structure Is Comprised of

question 108

Multiple Choice

A firm's organizational structure is comprised of

• A)resource strengths and competitive capabilities that allow it to incorporate attributes at lower costs than rivals whose products have similar attributes.
• B)the formal and informal arrangement of tasks, responsibilities, lines of authority, and reporting relationships by which the firm is administered.
• C)superior marketing and sales skills to convince buyers to pay a premium price for the attributes/features incorporated in its product.
• D)sustainable distinctive competencies to ensure cost reduction and competitiveness.
• E)a number of independent functional units involved in some common undertaking, with one unit typically in a more central role.

---

Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

New Market

Refers to an undiscovered or underexploited segment in the marketplace that a company can target to expand its customer base.

Strategic Alliance

A collaborative relationship between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.

Globally-Based Opportunity

A chance or prospect for business, investment, or collaboration that is available on an international scale.