A General Manager Is Someone Who Is Responsible for Managing

question 23

Multiple Choice

A general manager is someone who is responsible for managing:

• A) an identifiable revenue-producing unit.
• B) a sub-group of a particular function or team comprised of members from different parts of the organization.
• C) a function that creates indirect inputs, such as finance and accounting.
• D) an area such as accounting and marketing.

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Definitions:

Vertical Mergers

Mergers between companies that operate at different levels of the supply chain, such as a manufacturer merging with a supplier or distributor.

Horizontal Mergers

A business consolidation that occurs between firms operating in the same industry, often to increase market share and reduce competition.

Antitrust Laws

Legislation enacted to prevent anti-competitive practices, promote fair competition, and protect consumers from monopolies and cartels.

Vertical Merger

A merger between two companies that operate at different stages of the production process for a specific finished product.