Simple Organizational Structures Are Most Efficacious in Businesses That Serve

question 73

Multiple Choice

Simple organizational structures are most efficacious in businesses that serve:

• A) A broad, international product/market
• B) A highly fragmented market
• C) A cost-competitive product/market
• D) A local product/market or narrow niche

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Definitions:

Administrative Offices

Departments or units within an organization responsible for maintaining the daily operations and providing administrative support to facilitate the workflow.

Treaty of Lubeck

A peace agreement signed in 1629 that ended the conflict between the Holy Roman Emperor and Denmark-Norway during the Thirty Years' War.

Thirty Years' War

A destructive conflict in Central Europe between 1618-1648, involving many European powers, initially fought largely as a religious war between Protestants and Catholics.

Saint Bartholomew's Day Massacre

A targeted group of assassinations, followed by a wave of Catholic mob violence, against the Huguenots (French Calvinist Protestants) in 1572.