Business Is Generally an Organizational Unit That Has a Distinct

question 15

True/False

business is generally an organizational unit that has a distinct business strategy and a manager with sales and profit responsibility.

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Definitions:

Buyers

People or organizations that acquire products or services within a marketplace.

Price

The price one must pay to secure a product or service.

Controlling

A management function focused on monitoring performance and taking corrective action to ensure achievement of organizational goals.

Allocating Resources

The process of distributing available assets, including time, money, and manpower, among various projects or departments to achieve organizational goals efficiently.