How does a firm's organizational structure affect its market performance?
A firm's internal organization is one of its resources. It is an intangible productive resource. Different organizational structures can advantage or disadvantage a firm competitively. Well-designed authority relationships and communications channels can facilitate decisions that determine its competitive performance.
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Monopolistic competition, like perfect competition, is a market structure in which firms can easily enter and leave the industry
a. True b. False Indicate whether the statement is true or false
A negative income tax system was designed to
a. provide in-kind benefits to the poor b. provide minimal income to the poor c. reduce taxes on the rich when their incomes surpass the maximum income tax bracket d. create income payments to the poor specifically for medical assistance e. allow people to challenge the tax rate they are currently paying