Which of the following statements is true?
A) After a firm reaches a certain size, it needs multiple business-level strategies.
B) Diversified firms need multiple business- level strategies.
C) The simple structure is being replaced by the functional structure because of its inability to cope with the complexity of the modern economic environment.
D) Once an organization develops the right structure, this structure will keep the organization "on course" indefinitely.

Question

Quizplus · Accepted Answer

Diversified firms operate in multiple markets or industries, each of which may require a distinct business-level strategy to effectively compete. This approach allows the firm to address the unique competitive conditions and customer needs in each market or industry it serves.

Which of the Following Statements Is True