A firm's profitability is maximized when it

Question

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A firm's profitability is maximized when it has the right organization structure in place to execute its strategy. This allows the firm to effectively and efficiently utilize its resources to create value for customers, while also minimizing costs. Creating products similar to competitors may lead to price competition and reduced profitability, stripping value out of products may lead to a loss of competitive advantage, picking a non-viable position on the efficiency frontier may lead to inefficiency and reduced profitability, and not configuring internal operations to reduce costs may lead to higher expenses and reduced profitability.

A Firm's Profitability Is Maximized When It