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What is inter firm comparison?
Inter-firm comparison is where you compare your particular firm or business to that of another business who are in a similar situation
What is intra firm and inter firm comparison?
what is intra firm comparison
Which systems help managers monitor and control the business by providing information on the firm's performance?
Management Information System (MIS) It provides middle managements with reports on firm's performance to monitor firm and help predicts future performance. typically not very flexible systems with little analytic capability it use date from tps, duel to that it provides weekly, monthly, annual results, but may enable drilling not very flexible systems with little analytic capability.
Proper risk-return management means that A. the firm should take as few risks as possible. B. the firm should earn the highest return possible. C. the firm must determine an appropriate t?
C the firm must determine an appropriate
When is a firm profitable?
A firm is considered to be profitable when they make money. This happens when the lawyers win most of their cases.
What does it mean for a firm to have a strong production orientation how does this differ from the marketing concept?
for a firm to have a strong production means for it to produce products that will satisfy customers and to emphasize on the goods and services. How does this differ from the marketing concept?
Can the rational decision making model in a large firm be irrational in a small firm in a developing countries?
Yes, a large firm's resources would differ from those of a small firm in a developing country.
When a firm can acquire another firm?
anytime -Of course there is no limit for a comapny to buy another one
Joining of one firm with another to form a single firm?
merger
What is the the abstract noun of firm?
"Firm" is the abstract noun. A firm is another name for a business company.
What can a firm with market power do?
A firm with market power has the ability to control prices and total market output .
Who is Ensystex Inc?
A pest control firm in the US.
License existing technology from another firm and apply it to this product?
Where the technology you are using from another firm is applying that to a product that needs to be license.
What is inter firm comparison?
Inter-firm comparison is where you compare your particular firm or business to that of another business who are in a similar situation
What organizational architecture a transnational firm might adopt to reduce the costs of control?
A transnational firm might adopt a matrix organizational architecture to reduce costs of control by enabling flexibility and responsiveness across its global operations. This structure allows for dual reporting relationships, balancing global integration with local responsiveness, thus facilitating efficient resource allocation and decision-making. By leveraging cross-functional teams, the firm can enhance collaboration and knowledge sharing while minimizing redundant oversight, ultimately lowering control costs. Additionally, empowering local managers with decision-making authority can streamline operations and reduce the need for extensive centralized control mechanisms.
Are those costs which firm has no control?
Costs which are affected by inflation
Define backward and forward integration?
backward integration is a form of vertical integration in which firm's control of its inputs or supplies. forward integration is a form of vertical integration in which firm's control of its distribution.
