In the Multidivisional Structure, Each Business That the Firm Engages

question 70

True/False

In the multidivisional structure, each business that the firm engages in is managed through a division.

---

Definitions:

Value Pricing

A pricing strategy where the price is set based on the perceived or estimated value of a product or service to the customer rather than on the cost of production or market prices.

Perceived Value

The customer's evaluation of the worth of a product or service based on its ability to meet their needs and expectations, regardless of the actual tangible value.

External Assessments

Evaluations conducted by external entities to measure an organization's performance or compliance with standards, often used for certification or benchmarking purposes.

Increase Benefits

Enhancing the advantages or positive outcomes gained from a product, service, or activity.