Modifying the Target Market Helps a Company Attract Different Customers

question 56

Multiple Choice

Modifying the target market helps a company attract different customers by:

• A)changing the packaging.
• B)sticking with the same customer.
• C)standardizing the product.
• D)finding new uses for a product.
• E)modifying the product quality.

---

Definitions:

Formal Teams

Groups within an organization that are officially recognized and organized with specific roles and tasks to achieve collective goals.

Grouping Work Positions

The process of organizing jobs and responsibilities within a company into specific categories or departments to streamline operations.

Functional Structure

An organizational design that groups employees by their similar specializations, roles, or tasks.

Top Management Group

Consists of the highest-level executives in an organization who are responsible for strategic decisions and overall direction.