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)superior marketing and sales skills to convince buyers to pay a premium price for the attributes/features incorporated in its product.
D)sustainable distinctive competencies to ensure cost reduction and competitiveness.
E)a number of independent functional units involved in some common undertaking, with one unit typically in a more central role.

Question

Quizplus · Accepted Answer

Organizational structure refers to how a company's tasks, responsibilities, lines of authority, and reporting relationships are arranged. Option A refers to the concept of a firm's cost advantage, while option C refers to marketing and sales skills, and option D refers to sustainable distinctive competencies. Option E describes a common structure for a project team, but not necessarily a firm's overall organizational structure.

A Firm's Organizational Structure Is Comprised of