Matching an Organization's Structure and Control Systems to the Requirements

question 48

Multiple Choice

Matching an organization's structure and control systems to the requirements of a company's strategy is

• A)part of the strategy making process.
• B)part of the SWOT analysis.
• C)facilitated through the feedback loop.
• D)part of internal analysis.
• E)all of these choices.

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium in a market is not achieved or is not achievable.

Free Trade

An economic policy that allows imports and exports among member countries with little to no tariff barriers, quotas, or subsidies.

Total Output

Total output refers to the total quantity of goods and services produced within an economy at a given time period, reflecting the aggregate production level.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.