Organizations can be classified into five major structures. Identify and define these structures
What will be an ideal response?
Functional, departmental, matrix, flat, and virtual are the five structures. The functional structure groups employees according to their specialties. The departmental structure groups employees according to products, projects, customers, or geographic locations. The matrix structure consists of teams composed of employees from various specialized groups. The flat structure has few or no levels of intervening management. The virtual structure is a temporary organizational structure where people come together for a specific business purpose or project and then disassemble when the purpose or project is completed.
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Which of the following marketing strategies should marketing managers focus on to manage detailed information about individual customers and carefully manage customer touchpoints to maximize customer loyalty?
A) customer divestment B) customer-managed relationships C) the societal marketing concept D) partner relationship management E) customer relationship management
David, an employee of Cecil, Inc, has gross salary for March of $5,900
The entire amount is under the OASDI limit of $117,000, and thus subject to FICA. He is also subject to federal income tax at a rate of 30%. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. The journal entry to record the employer's payroll tax expense includes a credit to FICA-OASDI Taxes Payable for $365.80. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Indicate whether the statement is true or false
A firm based in the country of Iskoolbia that sells a defective hair dryer in the country of Octavia can be sued under Octavian law even though the company is headquartered outside Octavia. This scenario exemplifies ________.
A. the nationality principle B. the territoriality principle C. Islamic law D. socialist law
Two universities located within 30 miles of each other agree to allocate their customers so as to help them both. The two schools draw a line down a map, and each university agrees to accept students only on their side of the line. What type of horizontal cooperative strategy does this represent?
A. market division B. refusal to deal C. reciprocal dealing D. joint venture