Of the Following Are Competition-Oriented Approaches to Selecting an Approximate

question 66

Multiple Choice

of the following are competition-oriented approaches to selecting an approximate price level EXCEPT:

• A) below-market pricing.
• B) customary pricing.
• C) above-market pricing.
• D) price lining.
• E) at-market pricing.

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Definitions:

Organic Designs

Organic designs are decentralised with fewer rules and procedures, open divisions of labour, wide spans of control and more personal coordination.

Human Resources

The department in organizations concerned with the recruitment, management, and direction of people who work in it, focusing on policies and systems.

Contingency

An event or condition that is possible but cannot be predicted with certainty, often requiring flexible planning and response strategies.

Mechanistic Organisational Design

A highly structured and formal organisational structure, characterized by clear hierarchies, rigid departmentalization, and strict procedural guidelines.