Moving to another question will save this response. Question 2 of 25 Question 2 2 points Save Answer A firm is operating in various different geographical regions that differ vastly in terms of customer tastes and preferences. What type of departmental grouping may be best suited for the firm to be able to deal with these region-wise differences in customer preferences? Geographic grouping O Functional grouping O Vertical Grouping O Horizontal Grouping Question 3 4 points Save Answer Consider the following two firms - Firm A and Firm B. Firm A-> Delivers flowers for special occasions. Its operations are entirely online. Customers go to its website, order the type of flowers they want, and select the day and date of delivery. The firm then sources these flowers from its vendors and delivers , b over the years. Firm B --> Is a designer clothing store. It also has a similar 'online' business model. Customers browse through its website and order clothes, which are then delivered by the firm. However, customer preferences change frequently. Also, fashion trends and the demand for different types of clothes change with the seasons - Clothes in demand in winter are different from those in demand in the summer. To ensure that the firm is able to retain its customers, the firm works with several designers who design clothes based on the latest fashion trends. The firm then needs to work with weavers and cloth manufacturers to make the clothes. Because the competition is very strong the firm also uses the services of a marketing firm to constantly, firm B has hired a software firm to manage its website operations. advertise its products creatively. Another issue is the website itself. Since other competitors also operate online, firm B needs to make the online experience of customers hassle free. As technology related to website design keeps on changing Overall, Firm B interacts with various stakeholders including (a) customers. (b) designers, (c) weavers/vendors. (d) Marketing firm, (e) Software firm and operates in an environment where customer demands & preferences, technologyand marketing needs are constantly changing. FROM THE BELOW LIST OF STATEMENTS, SELECT ALL THE STATEMENTS THAT ARE CORRECT BASED ON THE INFORMATION GIVEN ABOVE. The use of scenario planning is likely to be more beneficial to firm B than to firma Firm B operates in an environment that is more uncertain than the environment in which Firm A operates O of the two firms, Firm B needs to have a higher speed of responding to environmental changes than firm A With regard to the stable unstable dimension of external environment, we can say that Firm A operates in an environment that is more unstable than the environment of Firm B Use of Boundary Spanning roles is likely to benefit Firm B more than firm A Question 5 1 points Save Answer With regard to the Typical Stages of International Evolution of a Firm, as the firm reaches a GLOBAL STAGE of evolution, it stops being associated with any one 'home country and essentially becomes a stateless' corporation with operations in a large number of countries in the world O True O False Question 6 2 points Save Answer Taking the firm's operations global can help the firm achieve economies of scale by increasing the production and sale of its products True False