Centralisation in Organisations Refers To

question 52

Multiple Choice

Centralisation in organisations refers to:

• A) the appropriate balance between laissez faire and rigidity.
• B) the focusing of control, whether a flat or tall organisational structure exists.
• C) physical or virtual location.
• D) where the major decisions are made.

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Definitions:

Fast-Second Strategy

A business strategy where a company quickly follows pioneers into a new market or technology with the aim to surpass them.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced.

Legal Protection

Measures and regulations implemented by governments or organizations to safeguard the rights and properties of individuals, companies, or other entities.

Pure Competitors

Firms operating in a market where products are identical, and there are no barriers to entry, leading to many sellers and buyers.