Lockdown Industries Produces a Variety of Anti-Crime and Safety Products

question 93

Multiple Choice

Lockdown Industries produces a variety of anti-crime and safety products such as burglar alarms, smoke detectors, surveillance cameras, and specialty locks. Lockdown sells to households, businesses, and government agencies. They have found that each market requires a different marketing strategy. Lockdown would probably benefit from departmentalization by:

• A) function.
• B) process.
• C) customer type.
• D) market opportunities.

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Definitions:

Dividends

Funds distributed by a corporation to its shareholders, often as a portion of the company's profits.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but is not control or joint control over those policies.

Net Book Value

The value of an asset after deducting accumulated depreciation, amortization, and impairment from its original cost.

Investment Account

A financial account held at a financial institution that holds securities, cash, and other assets for investment purposes.