The Contingency Approach to Management Holds That There Is Not

question 19

True/False

The contingency approach to management holds that there is not one best way to manage an organization.

---

Definitions:

Relationship Marketing

A strategy focused on building and maintaining long-term, personal engagements with customers, prioritizing customer retention and satisfaction.

Customized Service Delivery

Tailoring the provision of services to meet the specific needs or preferences of individual customers.

Off-Peak Pricing

A pricing strategy that involves lowering prices during times of lower demand to encourage more usage or consumption.

Demand Variations

Fluctuations in consumer desire for a product or service over time, often influenced by factors like seasonality, price changes, and trends.