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Questions and Answers
What are organisations primarily designed for?
What are organisations primarily designed for?
- To create tangible products
- To exist as social entities
- To respond to human needs
- To coordinate actions and obtain desired outcomes (correct)
Where does value creation take place in an organisation according to the business model Canvas?
Where does value creation take place in an organisation according to the business model Canvas?
- Conversion and output stages only
- Input, conversion, and output stages (correct)
- Input stage only
- Input and output stages only
What determines the amount of value an organisation creates at the input stage?
What determines the amount of value an organisation creates at the input stage?
- The way the organisation obtains inputs to produce goods and services (correct)
- The size of the organisation
- The location of the organisation
- The number of inputs obtained
What does the conversion stage in an organisation involve?
What does the conversion stage in an organisation involve?
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What is the primary function of organisations according to the text?
What is the primary function of organisations according to the text?
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