Which of the Following Approaches Should an Organization Adopt for Managing

question 28

Multiple Choice

Which of the following approaches should an organization adopt for managing uncertainty in a complex and stable environment?

• A) Decentralized, organic with mutual adjustment
• B) Decentralized, bureaucratic with standardized skills
• C) Centralized, bureaucratic with standardized work processes
• D) Centralized, organic with direct supervision
• E) Centralized, organic with mutual adjustment

---

Definitions:

Monopoly

A market structure characterized by a single seller or company dominating the entire market, leading to limited competition.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Product Differentiation

A strategy businesses use to distinguish their products from those of competitors, aiming to increase market share and customer loyalty.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors such as willingness to pay, location, or purchase volume.