What Entails Developing Schematic Representations That Reflect How Products or Services

question 44

Multiple Choice

What entails developing schematic representations that reflect how products or services compare to competitors',on the dimensions that are most important to success in the industry?

• A)Segmentation
• B)Positioning
• C)Diversification
• D)Penetration
• E)Budgeting

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Definitions:

Decentralised Organisation

A type of organizational structure where decision-making is distributed among various levels and departments rather than being concentrated at the top.

Centralised Organisation

An organizational structure where decision-making and authority are concentrated at the top levels of management.

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers.

Cost Centre Manager

An individual responsible for managing, monitoring, and controlling the costs associated with a particular department or segment of a business.