4 of 4 points
Describe and compare horizontally and vertically organized companies. Your answer should be at least two well-developed paragraphs in length and should be free of spelling, grammar, and punctuation errors.
Selected Answer:
There are two types of management structure. The first one is vertical organization. It means companies make decisions by chain-of-command. Its direction is the only one. And the second one is horizontal organization. It means companies make decisions by workers themselves. They can do their own things.
The vertical organization is easier to control but the creativity is limited. The horizontal organization is very creative and active, but it is not easy to control. That is the difference.
Correct Answer:
Answer will vary. A horizontally organized company is one in which top management shares decision making with self-managing teams of workers who set their own goals and make their own decisions. A vertically organized company is a hierarchical, up-and-down organizational structure in which the tasks and responsibilities of each level are clearly defined.
In comparing the two, horizontally organized companies focus on teams, whereas vertically organized companies emphasize hierarchy. In a horizontal organization, the tea***ook to the customer for direction; in a vertical organization, the employees look to management for direction.
See pages 237-239 of the textbook.
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Question 49 0 of 4 points
Explain the types of charts and graphs used in marketing. Your answer should be at least one well-developed paragraph in length and should be free of spelling, grammar, and punctuation errors.
Selected Answer:
I don’t know
Correct Answer:
A bar graph is a drawing made up of parallel bars whose lengths are proportional to the qualities being measured. It is commonly used to compare groups and to get a quick representation of differences by looking at the range of bars from highest to lowest. A line graph uses a line that joins points representing changes in a variable quantity, usually over a specific period of time. This graph is useful to show the projected or actual changes over time. A circle graph is a geometric representation of the relative size of the parts of a whole. Circle graphs are sometimes called pie charts or graphs. A frequency table lists numbers, fractions, or percentages observed for different intervals.
See pages 166-169 of the textbook.
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Question 50 2 of 7 points
Describe a monopoly. Is a monopoly legal in the U.S.; why or why not? Give examples of companies that have been declared monopolies. Explain the outcome of such cases. Your answer should be at least three well-developed paragraphs in length and should be free of spelling, grammar, and punctuation errors.
Selected Answer:
I think the monopoly is not legal in the U.S. because it will cause a lot of problems.
For example, BAIDU. . We need to search everything on it. What we can find on the Internet almost come from BAIDU.
I think that is bad for the development of the company.
Correct Answer: Answers may vary. When there is no competition and one firm controls the market for a given product, a monopoly exists. A monopoly is exclusive control over a product or means of producing it. Monopolies are not permitted in a free enterprise system because they prevent competition. They can also control the quality of a product and who gets it. Without competition, there is nothing to stop a company from acting without regard to customer wants and needs.
One of the most publicized monopoly cases in recent history involved Microsoft, the computer software company. A federal judge declared Microsoft's Windows operating system was a monopoly. Its technology dominance was said to have stifled innovation and hurt consumers.
The U.S. government has allowed a few monopolies to exist, mainly in industries where it would be wasteful to have more than one firm. However, these regulated monopolies are on the decline.
Currently, utility companies are being deregulated. This will allow customers to choose their own electric and natural gas suppliers. In order for this deregulation to work, the government will still control natural gas and electric companies by imposing price restrictions, which will prevent the formerly regulated monopolies from charging excessive prices.
See monopoly on page 105 of the textbook.
Feedback: You give some valid information but you do not give enough information. You need to include details about the company that you say is a monopoly.