What are multidivisional structures? How are they implemented?
What will be an ideal response?
As a firm diversifies into different product lines and geographies, it moves from a functional structure to a multidivisional or a matrix structure. The multidivisional structure (or M-form) consists of several distinct strategic business units (SBUs), each with its own profit-and-loss responsibility. Each SBU is operated independently from one another, and each is led by a CEO who is responsible for the unit's business strategy and its day-to-day operations. The CEOs of each division in turn report to the corporate office, which is led by the company's highest-ranking executive.
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The cash receipts journal is a special journal
Indicate whether the statement is true or false
Which of the following is the first step a firm should take when deciding whether or not to go global?
A) Develop marketing mix strategies for foreign markets. B) Analyze whether it is in the firm's best interest to focus on the domestic market or to expand to international markets. C) Identify the most attractive global markets for the firm's products. D) Select a market-entry strategy that fits the firm's desired level of commitment. E) Identify potential partners in international markets.
Sam is in charge of conducting a meeting during which a major company decision about reorganization will be made. Whom should he invite?
A) Decision makers and people with the information necessary to make the decision B) Representatives of groups who will be affected by the decision C) People responsible for implementing the decision D) Sam should invite all of these.
The HTS rule of interpretation that provides that where an article could be classified under more than one heading, it must be classified under the one that most specifically describes it, is:
a. the rule of specific classification. b. the rule of relative specificity. c. the rule of classification by essential character. d. the relativity rule.