1. The pursuit of profits calls on firms to try to raise revenues while minimizing costs. Obviously,

1. The pursuit of profits calls on firms to try to raise revenues while minimizing costs. Obviously, this calls for the firm to consider all relevant information on the firm’s customers and customer relations, pricing, marketing efforts, production, and distribution processes. With this in mind, with the aid of specific examples, write a short essay how some circumstances may call for centralization while others may call for decentralization in setting up the organizational architecture of the firm.These issues are:•Decentralization gives employees incentives to experiment and innovate•Successful experiments should ideally be:–identified–reasons for their success understood–codified