A Firm's Organizational Structure Is Comprised Of

question 2

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) excellent marketing and sales skills to convince buyers to pay a premium price for the attributes/features incorporated in its product.
• D) sustainable distinctive competences to ensure cost reduction and competitiveness.
• E) None of these.

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Definitions:

Carrying Inventory

The total value of inventory a company holds at a given time, including goods ready for sale and raw materials.

Outside Suppliers

External entities that provide goods or services to another company, playing a key role in supply chains and procurement processes.

Quality and Quantity

Aspects of goods or services, with quality referring to the degree of excellence and quantity to the measure or volume.