A Divisional Structure by Geographic Area Is Most Appropriate When

question 99

Multiple Choice

A divisional structure by geographic area is most appropriate when

• A) organizations have similar branch facilities located in widely dispersed areas.
• B) an organization offers only a limited number of products or services.
• C) consumption patterns for its products and/or services are the same worldwide.
• D) the company's customers in different geographic locations have similar needs and characteristics.
• E) the firm serves one geographic area.

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Definitions:

Winner's Curse

The tendency of auction winners to have paid more than the item's actual value, often due to competitive bidding and overestimation of worth.

Bid Shading

A strategy in auctions where bidders intentionally bid lower than their actual value to increase the chance of winning at a lower price.

Bid-rigging

A form of fraud where competitors conspire to determine the winner of a bidding process, undermining fair competition.

English Auctions

A method of sale in which the price ascends and participants bid openly against each other, with the item being sold to the highest bidder.