Formal systems are adopted to bring & amalgamation of decentralized units into product groups.

Related MCQs

• Systems are formal and informal rules and regulations that complement the company ………..
• Forecasting tools can be broadly categorized into two groups. Those are:
• General Electric has classified its businesses into strategic business units.
• It refers to formal and informal rules, regulations and procedures that complement the company structure
• Changes in company ………. also necessitates changes in the systems in various degrees
• Product differentiation refers to the:
• It directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs.
• An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in a specific product market is a definition of:
• Product development strategy for achieving intensive growth focuses on:
• In , the company would seek new products that have marketing or technological synergies with existing product lines appealing to a new group of customers.