Examlex
What is brand equity, and what are the major elements that underlie brand equity?
Formal Rules
Established regulations, principles, or guidelines that are officially recognized and enforced in a particular setting or organization.
Division of Labour
The distribution of various segments of a production process or activity among several people to enhance efficiency and productivity.
Hierarchy of Authority
A system within organizations where power and responsibilities are ranked from the top (highest authority) to the bottom (lowest authority).
Mechanistic Design
A structure in organizations characterized by strict procedures, rigid divisions of labor, and centralized decision making.
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