Which of the Following Is Not a Key Component in the Definition

question 21

Multiple Choice

Which of the following is not a key component in the definition of organization structure?

• A)Organization structure includes the design systems to ensure effective communication, coordination, and integration of effort across departments.
• B)Organization structure identifies the tasks, functions, and processes for each department and position within the organization.
• C)Organization structure identifies the grouping together of individuals into departments and of departments into the total organization.
• D)Organization structure designates formal reporting relationships, including the number of levels in the hierarchy and the span of control of managers and supervisors.

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Definitions:

Price Leader

A company that determines the price levels in the market due to its dominant position or competitive strategies.

Competitors' Prices

The cost at which rival businesses offer similar goods or services in the market.

Potential Competitors

Potential competitors are businesses or entities not currently in a market but have the capability and interest to enter the market and compete for the same customer base.

Price-sensitive

Describes consumers or markets that are highly responsive to changes in price, where price changes can significantly impact demand.