Cima E3 Exam Question No 41

Question No 41:

What is role culture?

• Formal rules and procedures
• Formal structure with clear responsibilities for each individual
• People act in accordance with rules and requirements of their position This bureaucratic approach is often found in large public organisations or functionally structured organisations.

Cima E3 Exam Question No 40

Question No 40:

Michael Porter's competitive generic strategies Broad Target / Differentiation?
Differentiation
Offering a product or service with certain characteristics or features that are unique and distinct relative to the competition.

Cima E3 Exam Question No 39

Question No 39:

Michael Porter's competitive generic strategies Broad Target / Low cost

Cost Leadership
Offering a product or service at the lowest price due to having the lowest cost per unit in the industry.