Examlex
What does the B in BPH stand for? ____________________
Vertical Hierarchy
An organizational structure in which authority and responsibility are clearly defined and arranged according to levels of management, from highest to lowest.
Horizontal Specialization
An organizational structure approach that focuses on dividing work and roles based on specialized functional activities or operations across the same hierarchical level.
Division of Labor
The allocation of different tasks or jobs to different people or groups, often to improve efficiency and productivity.
Economic Power
The ability of an entity, such as a country, company, or individual, to influence or control economic activities, markets, or resources, often translating into political or social power.
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