Mba 705 Study guides, Revision notes & Summaries

Capital-Labor Substitution: - ANSWER-An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - ANSWER-increases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - ANSWER-The strategies pursued by each functional area o

Brand Manager: - ANSWER-The project manager in P&G's version of the matrix structure. Centralization: - ANSWER-An organizational decision-making approach with most strategic and operating decisions made by managers at the top of the organization structure (at corporate headquarters). Corporate Restructuring: - ANSWER-A change in the organization's structure to improve efficiency and firm performance, including such activities as realigning divisions in the firm, reducing the amount of cas...

MBA 705 - Exam 1 Questions and answers latest update

Capital-Labor Substitution: - ANSWER-An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - ANSWER-increases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - ANSWER-The strategies pursued by each functional area of a business unit, such as marketing, finance, or production. Human Capital: - ANSWER-The sum of the capabiliti...

Organizational Structure correct answers refers to the formal means by which work is coordinated in an organization. The structure exists to provide control and coordination for the organization Simple structure correct answers a form of organization in which in a new business, each employee often performs multiple tasks and the owner/manager is involved in all aspects of the business Vertical Growth correct answers refers to an increase in the length of the organization's hierarchy (i.e....

Corporate-level strategy - ANSWER-highest level of decision formulated by the highest level of management team (CEO and top managers) of the company CEOS and top managers ask questions such as - ANSWER-- which business unit(s) should we have? -How should we support and enhance the value of each business as a whole? Business Unit Managers ask questions such as - ANSWER--How individual business units compete and win in their own individual market? Operational managers ask questions such as ...

MBA 705 - Exam 1 Questions And Revised Correct Answers | Guarantee Pass!! Mission - ANSWER : is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy - ANSWER : refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage - ANSWER : is a state whereby a firm's successful strategi...

MBA 705 CH 8&9 Questions and Answers Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies - ...

MBA 705 - Exam 1 Questions and Answers Mission - Correct Answer ️️ -is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy - Correct Answer ️️ -refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage - Correct Answer ️️ -is a state whereby a firm's successful strategies ...