The Organizational Hierarchy Becomes Flattened as the Responsibility for Establishing

question 11

Multiple Choice

The organizational hierarchy becomes flattened as the responsibility for establishing goals and developing plans is ___________.

• A) pushed to the lowest organizational levels
• B) moved to the middle organizational levels
• C) more the work of the financial department
• D) shifted to a formal planning department

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Definitions:

Profit Objective

The goal a business sets to achieve a specific amount of profit within a certain timeframe.

Pricing Objectives

The goals that a company aims to achieve through its pricing strategy, such as maximizing profit, increasing market share, or discouraging competition.

Pricing Constraints

Limitations on the setting of prices caused by factors like competition, cost of production, and regulatory environments.

Estimate Demand

involves predicting the quantity of a product or service that consumers will purchase, which is crucial for inventory management, pricing strategies, and planning production levels.