Which of These Statements Regarding Manufacturing and Service Firms Is

question 124

Multiple Choice

Which of these statements regarding manufacturing and service firms is true?

• A) Manufacturers are more spread out around the country than service firms.
• B) The U.S. has many more manufacturing firms than service firms.
• C) B2B e-commerce purchasing is common for both manufacturing and service firms.
• D) Unlike manufacturing firms, service firms rely on engineering and R&D people to help make purchase decisions.
• E) Unlike service firms, manufacturers tend to locate where they can be closest to their customers.

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Definitions:

Functional Silos

Organizational units that operate independently from one another, often leading to a lack of cross-departmental communication and coordination.

Entrepreneurial Leaders

Leaders who possess the vision, creativity, and determination to innovate and drive their organizations or ventures towards new opportunities and growth.

Feedback-Intensive Management

A management style characterized by the frequent and detailed exchange of feedback between supervisors and employees to improve performance.

Executive Coaching

A one-on-one development process formally contracted between a coach and a management-level client to help achieve goals related to professional development and/or business performance.