Answer:
Two structures that the company can use:
Functional structure: this is the most common type of organizational structure, and it might be the one that company XYY already uses.
In this structure, the firm is divided among departments that have a specific role, or function.
The most basic division would include a production department, a marketing department, a finance or accounting department, and a marketing department.
Flatarchy: a term that is a combination of the word "flat", and the word "hierarchy", it simply means "flat hierarchy".
This innovative organizational structure does not really promote a specific hiearchy or division, and instead, all employees work closely together for a common goal, in a attempt at building a more colaborative and holistic approach.
Answer:
True
Explanation:
The marketing plan details the strategy that a company will use to market its products to customers. The plan identifies the target market, the value proposition of the brand or the product, the campaigns to be initiated, and the metrics to be used to assess the effectiveness of marketing initiatives.
Answer:
Produce more of the good that generates external cost and less of the good that creates external benefit.
Explanation:
External benefits refer to the situation where the benefit of production of goods or services goes to a third party that is not directly involved in the process of production.
Similarly, external cost refers to the situation where the cost of production of goods and services is borne by a third party which is not directly involved in the process of production.
A competitive market economy would tend to produce more of the good that generates external cost and less of the good that creates external benefit. This is because in case of external cost the private cost will be lower than social cost, so the firms will be able to produce more of the good.
