A firm's organizational structure is comprised of
A. sustainable distinctive competencies to ensure cost reduction and competitiveness.
B. resource strengths and competitive capabilities that allow it to incorporate attributes at lower costs than rivals whose products have similar attributes.
C. a number of independent functional units involved in some common undertaking, with one unit typically in a more central role.
D. the formal and informal arrangement of tasks, responsibilities, lines of authority, and reporting relationships by which the firm is administered.
E. superior marketing and sales skills to convince buyers to pay a premium price for the attributes/features incorporated in its product.
Answer: D
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A proxy is revocable to the same extent as an agency
a. True b. False Indicate whether the statement is true or false