Complex firms are more difficult to manage than simple firms.

Question

Quizplus · Accepted Answer

Complex firms typically have multiple departments, diverse product lines, a wide range of customers, and complex organizational structures, which require a higher level of coordination and communication between different parts of the organization. This makes managing complex firms more challenging than managing simple firms that have a single product line, fewer employees, and a straightforward organizational structure.

Complex Firms Are More Difficult to Manage Than Simple Firms