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Implementation of nonmarket strategies pertains to the selection of specific actions and the...

Question:

Implementation of nonmarket strategies pertains to the selection of specific actions and the assignment of tasks to organizational units and individual managers. Indicate whether the statement is true or false.

Strategy:

Strategy is a method to accomplish the defined objectives of the organization. It provides a clear mission for the business that guides the workers. It is available in various forms, such as operational and business strategy.

Answer and Explanation:

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The statement is false. Nonmarket strategies are executed by appointing a manager to be in charge of lobbying. It is implemented outside the market of...

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Strategy and Organizational Structure

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Chapter 5 / Lesson 3
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The method of an organizational structure dividing, grouping, and coordinating tasks is composed of different elements. Explore why structures differ, cost minimization, innovation and imitation strategies, and ways organizational structures change.


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