The division of authority and responsibility in a major retail organization by product categories and geographic areas illustrates a(n) _____

a. centralized structure
b. decentralized structure
c. professional manager system
d. owner-manager system

b

Business

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What refers to brands where at least 20 percent of the product is sold outside the home country?

a. master brand b. equity brand name c. ethnocentric trademark d. global brand

Business

Which of the following is NOT one of the guidelines for managing luxury brands?

A) Besides brand names, other brand elements — logos, symbols, packaging, signage — can be important drivers of brand equity for luxury products. B) Secondary associations from linked personalities, events, countries, and other entities should be avoided. C) Luxury brands must employ a premium pricing strategy, with strong quality cues and few discounts and markdowns. D) All aspects of the marketing program for luxury brands must be aligned to ensure high-quality products and services and pleasurable purchase and consumption experiences. E) Luxury brands must carefully control distribution via a selective channel strategy.

Business