A Few Years Ago, If You Wanted the Lowest Rate

question 15

Multiple Choice

A few years ago, if you wanted the lowest rate for a telephone call, you either called after five pm or during the weekends. Today, the phone companies advertise a "seven-cents-a-minute" or lower charge all the time. There is no special time that rates are lower. From this example, it can be best judged that phone companies are no longer

• A) concerned about strategies applied by competitors.
• B) concerned about profit maximization.
• C) using pricing effective strategies.
• D) using off-peak pricing.

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Definitions:

Revocability

The capability or the right to withdraw or cancel something, such as privileges, decisions, or policies, often within a legal or contractual context.

Organizational Effectiveness

Refers to how efficiently and effectively an organization achieves its goals and meets its stakeholders' needs.

Downsizing

The process of reducing the number of employees within a company, often to cut costs or improve efficiency.

Downsizing

The reduction of an organization's workforce to improve its efficiency or to cut costs, often involving layoffs.