Examlex
What is vertical conflict? Illustrate your answer with an example.
Decentralized Business
A business model where decision-making and operational activities are distributed across different locations or departments, rather than centralized in a single location.
Operating Decisions
Decisions that relate to the day-to-day activities of a business, affecting its operational efficiency and effectiveness.
Top Management
The highest level of management in an organization, responsible for overall strategy and policy-making.
Decentralization
The distribution of decision-making powers from a central authority to lower levels in an organization or across various geographic locations.
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