Which of the following statements is true about a product market? a. the cost of labor does not affect the product market because it is an insignificant part of an organization's costs. b. product-market considerations are of particular concern to a company when its customers place greater importance on product rather than price. c. organizations in a product market are competing to serve the same customers. d. product markets typically place a lower limit on the pay an organization will offer its employees. e. organizations in a product market must increase the cost of labor every quarter.

Burnley and co., a graphic design firm, has offices in new york, texas, california, new mexico, and new jersey. each of these offices is headed by a president who reports directly to emma burnley, the ceo. the heads of the centralized hr, finance, and marketing teams report to emma burnley as well. managers in the various offices also report to the ceo directly. based on this information, which of the following statements is most likely to be true? a) emma burnley has a wide span of control. b) burnley and co. has a tall hierarchical structure. c) emma burnley is underworked. d) burnley and co. is a mechanistic organization.