Bob Works in a Mid-Sized Organization with Other Skilled Workers

question 17

Multiple Choice

Bob works in a mid-sized organization with other skilled workers who all pitch in to do what needs to be done to satisfy the customer. It is likely Bob works in a ________ organization.

• A) formalized
• B) decentralized
• C) departmentalized
• D) cross-functional

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Definitions:

E-book Sold

A digital version of a book that has been sold, either as a download or access through a specific platform.

Skimming Pricing Policy

A pricing strategy in which a company sets relatively high prices at the launch of a new product to maximize profit margins from customers willing to pay the premium price.

Price-sensitive

Refers to how demand for a product is influenced by changes in its price; price-sensitive consumers are likely to change their purchasing behaviors significantly in response to price changes.

High Initial Price

A pricing strategy where a product is introduced to the market at a high price point to maximize revenue from less price-sensitive customers before possibly lowering the price.