Examlex
Each year between the ages of 2 and 6, a well-nourished child will gain about 4.5 pounds and grow about _____ inches.
Functional Structure
An organizational design where the company is divided into departments based on specialized functions, such as marketing, finance, or operations.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
Expertise
Refers to the high level of knowledge or skill in a particular field or domain, acquired through training, experience, or study.
Shadow Organization
An informal organization within a business that is not officially recognized but significantly influences its operations.
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