In Centralized Companies, Many Important Decisions Are Made at Lower

question 40

True/False

In centralized companies, many important decisions are made at lower levels of the hierarchy.

---

Definitions:

Marketing Expertise

Marketing expertise refers to specialized knowledge or skills in the sphere of marketing that help in creating, communicating, delivering, and exchanging offerings that have value for customers.

Efficiency

A measure of the ability of a person, machine, system, or process to achieve its goals with the minimum amount of waste, expense, or unnecessary effort.

Franchisee

An entity that has been granted the license by a franchisor to operate under the brand's name and offer its products or services.

Product-Distribution

The process of moving a product from its manufacturing source to its final consumers through various logistical and sales channels.