Most Firms That Use a Customer-Oriented Organizational Structure to Strengthen

question 158

Multiple Choice

Most firms that use a customer-oriented organizational structure to strengthen their relationship with the largest customers adopt:

• A)geographic organization.
• B)decentralization.
• C)a vertical structure.
• D)a national accounts organization.

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Definitions:

Demand Equation

A mathematical expression that calculates the quantity of a good or service demanded at various prices.

Supply Equation

A mathematical representation that describes the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Price Floor

A regulatory measure that sets the lowest legal price for a good or service to prevent market prices from dropping below a specified level, ensuring producers' welfare.

Shortage/Surplus

A shortage occurs when demand exceeds supply, while a surplus happens when supply exceeds demand, both of which can lead to market adjustments.