____ Departmentalization Has the Advantage of Reducing the Number of Skills

question 164

Multiple Choice

____ departmentalization has the advantage of reducing the number of skills a manager must possess.

• A) Location
• B) Customer
• C) Sequential
• D) Functional
• E) Product

---

Definitions:

Price-discriminating Monopolist

A monopolistic market player that charges different prices for the same product or service to different customers, based on what each is willing to pay.

Market

A venue for buyers and sellers to trade goods, services, and financial instruments.

Price Elasticity

A gauge of the extent to which the amount of a good that is bought varies in response to alterations in its cost, showing how sensitive purchases are to price adjustments.

Raise Profits

Efforts or strategies implemented by a company aimed at increasing its net earnings or bottom line, through means such as reducing costs, increasing sales, or enhancing productivity.