Newman's Own Is a Company That Gives All of Its

question 171

Multiple Choice

Newman's Own is a company that gives all of its profits to charities.The company produces popcorn,salsa,pasta sauce,and salad dressings under the Newman's Own brand name.These product lines are the company's:

• A)product mix.
• B)stock-keeping units.
• C)product category.
• D)product hierarchy.

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Definitions:

Centralization

The process or organizational structure where decision-making authority is concentrated at the top levels of management.

Discretion

The power or right to make decisions based on one's own judgment rather than following a strict set of rules.

Functional Departmentation

The organization of a business into departments based on functions such as marketing, sales, and human resources, to enhance efficiency and specialization.

Organizational Hierarchy

Organizational hierarchy is a system in which roles and responsibilities are ranked in order from highest to lowest, determining the flow of decision-making and authority.