2 that’s because some people will buy it because they think the value of it is good and some might not because they believe it is too expensive.
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In 2013, Toyota changed its organizational structure from the centralized structure to:
- the Global hierarchy,
- the Geographic divisions, and
- the Product-based divisions.
This change was made to adapt the consumer's demand in each of the regional markets all over the world. The most important element of this structure is the speed of handling issues and problems of all Toyota's branches. However, this structure also has a weakness which is the decreasing of headquarter's control over the global organization.
Explanation:
Growth – Another important objective of business is to achieve growth. The growth should be in terms of increase in profit, revenue, capacity, number of employees and employee prosperity, etc.
Stability – Stability means continuity of business. An enterprise or business should achieve stability in terms of customer satisfaction, creditworthiness, employee satisfaction etc. A stable organization can easily handle changing dynamics of markets.
