Identify the characteristic of a U-form organization from the following.
a. A divisionally organized firm is often called a U-form firm.
b. The heads of the different branches at different locations report to the headquarters.
c. Information submitted by all departments are used by the headquarters to make all the decisions.
d. There is a substantial degree of inter-dependence between various departments.
Question 2
What type of market exhibits product differentiation?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
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