Decentralized Decision Making Occurs When

question 27

Multiple Choice

Decentralized decision making occurs when

• A) decisions are made by middle- and lower-level managers
• B) decisions are made by senior managers
• C) decisions are made by each employee
• D) decisions are made by the board
• E) decisions are made by the teams

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Definitions:

ROI

Return on Investment, a performance measure used to evaluate the efficiency or profitability of an investment.

Marketing Concept

A business philosophy suggesting that the key to achieving organizational goals consists of the company being more effective than competitors in creating, delivering, and communicating customer value to its selected target markets.

Consumers' Needs

The essential desires or requirements that customers seek to fulfill with the purchase of goods or services.

Market Orientation

A business philosophy where the company prioritizes identifying and meeting the needs of its customers through its product mix.