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.

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Definitions:

Administrative Expenses

Costs related to the general operation of a business, including salaries of executive staff, office supplies, and utility expenses, but not directly tied to production or sales.

Materials Requisition

A document or electronic form used to request materials needed for production from the storeroom or inventory management.

Storeroom

A room used for storing goods, materials, or supplies within a business or organization.

Finished Goods

Items that are fully manufactured and available for purchase by consumers.