The Freedom for Managers at Lower Levels of the Organisation

question 94

True/False

The freedom for managers at lower levels of the organisation to make decisions is referred to as 'decentralisation'.

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Definitions:

Marketing Mix

The combination of factors that a company can control to influence consumer's purchasing decisions, traditionally identified as product, price, place, and promotion.

Marketing Mix

A set of marketing tools that a firm uses to pursue its marketing objectives in the target market, traditionally identified as product, price, place, and promotion.

Four Ps

Stands for Product, Price, Place, and Promotion, which are the core elements involved in marketing a product or service.

Marketing Mix

A blend of marketing variables, typically known as the 4Ps (Product, Price, Place, Promotion), used by businesses to achieve their marketing objectives and satisfy customer needs.