-Intermediaries Perform Three Basic Functions

question 127

Multiple Choice

-Intermediaries perform three basic functions. According to Figure 12-2 above, C represents a(n) __________.

• A)transactional function
• B)facilitating function
• C)middleman function
• D)logistical function
• E)operational function

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Definitions:

Functional Structure

Functional Structure refers to an organizational form where the company is divided into departments each handling a specific function, like marketing or finance, concentrating expertise but potentially limiting inter-department communication.

Vertical Structure

An organizational structure where authority flows from the top down, with a clear line of command.

Customer Structure

The composition and organization of a business's clientele, including types of customers and their relationship to the business.

Geographical Structure

An organizational structure that groups employees or departments based on geographic regions or locations.