This Is a Key Characteristic in an Organisation with a Functional

question 114

Multiple Choice

This is a key characteristic in an organisation with a functional structure.

• A)Little specialisation.
• B)Adaptability.
• C)Departmentalisation.
• D)Flexibility.

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Definitions:

Price-fixing

An illegal agreement among competitors to set prices at a certain level, rather than competing naturally in the market.

Tying Contracts

Agreements where the sale of one product (the tying product) is conditioned on the buyer purchasing another product (the tied product).

Antitrust Laws

Legislation aimed at preventing anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Monetary Award

A financial compensation granted to a party, often as a result of a legal settlement or judgement.