Key "Functional" Strategies of a Company Include All of the Following

question 64

Multiple Choice

Key "functional" strategies of a company include all of the following EXCEPT

• A) R&D, technology, and product design strategies.
• B) production and information technology and supply chain management strategies.
• C) human resource and finance strategies.
• D) sales, marketing, and distribution strategies.
• E) alliance and partnerships as well as merger and acquisition growth strategies.

Grasp the impact of diversity programs on leadership compositions within organizations.

Appreciate the complexity and difficulty in changing organization-wide norms including power, habit, and culture.

Understand different methods to overcome resistance to change including interpersonal, team, and organizational approaches.

Realize the competitive advantage of adaptive and flexible organizations over rigid ones.

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Definitions:

Marginal Cost

The cost added by producing one additional unit of a product or service, important for decision-making in resource allocation.

Average Total Cost

The total cost of production divided by the quantity of output produced; it includes all fixed and variable costs.

Average Total Cost

The total cost of production divided by the quantity produced, indicating the average cost per unit of output.

Marginal Cost

The added expense incurred from producing an additional unit of a good or service.