Describe the Attributes of a Matrix Organizational Structure

question 43

Essay

Describe the attributes of a matrix organizational structure. What are the disadvantages associated with using the matrix organizational form?

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Definitions:

Excess Capacity

A situation where a firm is operating below its maximum output level, indicating that the company can produce more goods with the existing resources if there is higher demand.

Marginal Cost

The rise in overall expenses incurred from the production of an additional single unit of a product or service.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time.

Profit-Maximizes

The strategy or action by a firm to adjust its production and pricing to achieve the highest possible profit.