Examlex
Family influence must be viewed as one of the inputs that entrepreneurs need to intentionally manage.
Divisional Structure
A type of organizational structure that groups together those employees who are responsible for a specific product type or market service according to workflow.
Expertise Focused
Concentration or specialization in a particular area of knowledge or skill.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Costs
The monetary value associated with the consumption of resources, such as production, operations, or acquisition expenses.
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