Matrix Structures

question 54

Multiple Choice

Matrix structures:

• A)have many hierarchical levels.
• B)are appropriate for companies with many low-skilled workers.
• C)group activities vertically by function and horizontally by product or project.
• D)are appropriate for a firm pursuing a low-cost strategy.
• E)have several product group hierarchies and two forms of horizontal differentiation.

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Definitions:

Competitive Effectiveness

The ability of an organization to implement strategies that secure a competitive edge and achieve desired outcomes efficiently.

Sustainable Competitive Advantage

The enduring ability of a company to remain more efficient, profitable, or innovative than its competitors.

Competitive Advantage

A distinctive feature or standpoint enabling a company to surpass its rivals in performance.

Market Environmental Forces

The external factors, such as economic, social, technological, legal, and competitive forces, that affect a company's ability to operate successfully in a particular market.