Decision Making in a Functional Structure Tends to Be ________

question 37

Multiple Choice

Decision making in a functional structure tends to be ________.

• A)decentralized
• B)centralized
• C)horizontal
• D)collaborative

---

Definitions:

Average Nightly Room Rate

A measure used in the hospitality industry to calculate the average price paid per room per night.

Monopolistic Competition

A marketplace setup where plenty of businesses distribute products that resemble each other but are not duplicates, allowing them a partial degree of marketplace power and the ability to individualize their offerings.

Pure Competition

A market structure characterized by a large number of small firms, homogenous products, and easy market entry and exit, leading to price takers rather than price makers.

Oligopoly

A market structure characterized by a small number of firms that have the power to influence the prices of their products or services, unlike in perfect competition.