A Business's Size Is Measured

question 139

Multiple Choice

A business's size is measured

• A) in relation to the number of competitors in its industry.
• B) in relation to other firms in its industry.
• C) in relation to the number of dominant competitors in its sector.
• D) as small, if it participates in the services sector.

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Definitions:

Clients

Individuals or entities that receive professional services or advice from a company or professional.

Divisionalized Structures

A type of organizational structure where operations are segregated based on products, services, markets, or geographic areas.

Geographically Based

Pertaining to the physical location or region of something, often used to describe organizational units or market strategies based on geographical areas.

Client-Based

A focus or approach that prioritizes the needs, preferences, and satisfaction of clients or customers in service or product design and delivery.