Given the Challenges to Meet Customer Needs and Adapt to the Environment,most

question 46

True/False

Given the challenges to meet customer needs and adapt to the environment,most organisations today discourage managers to delegate authority to the lower levels.

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Definitions:

Perishable Goods

Items that deteriorate over time or have a limited shelf life and require special handling, like food and flowers.

Decline In Value

A decrease in the market worth of an asset or investment over time.

Merchant Buyer

A business entity that purchases goods in the course of business from suppliers to resell them to the final consumer.

Revocation And Rejection

Revocation and Rejection involve the withdrawal of an offer before acceptance or the refusal to accept an offer, respectively, in contract law.