Companies with Multiple Products Commonly Use __________ Departmentalization

question 22

Multiple Choice

Companies with multiple products commonly use __________ departmentalization.

• A) territory (geographic)
• B) customer
• C) functional
• D) product (service)

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Definitions:

Competitive Pricing

A strategy where a company sets the price of its products based on the prices of competitor products.

Value-Based Pricing

A pricing strategy based on the perceived value of a product or service to the customer rather than on the cost of production.

Cost-Oriented Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Demand-Based Pricing

A pricing strategy where the price is set based on the customer's perceived value and demand for the product or service.