Which of the Following Statements Is True Regarding an Organization

question 87

Multiple Choice

Which of the following statements is true regarding an organization following a low-cost strategy?

• A) Low-cost organizations typically use complex organizational structures.
• B) Typically, low-cost organizations use centralized decision-making.
• C) The organizational structure used by a low-cost organization generally has higher integration than that used by a differentiator.
• D) An organic structure is more suitable for a low-cost organization than a mechanistic structure.

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale in the market.

Output

The total amount of goods or services produced by a company or industry over a specific period.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production.

Income Elasticity of Demand

A measure of how the quantity demanded of a good changes in response to a change in consumers' income.