Examlex
Which of the following statement is FALSE?
Formal Hierarchy
The organized structure of roles and responsibilities within an organization, often depicted in an organizational chart.
Narrow Span
Refers to a managerial structure where each manager oversees a small number of subordinates, allowing for more close-knit supervision and communication but potentially increasing organizational layers.
Cost Leadership
is a business strategy aimed at achieving the lowest operational costs in the industry to offer products or services at competitive prices, often resulting in a high market share.
Organic Structure
An organizational configuration that is flexible, adaptive, and decentralized, designed to enable rapid response to changes.
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