In the Design of an Organization, Another Name for "Market

question 17

Multiple Choice

In the design of an organization, another name for "market structure" is "________ structure."

• A)product
• B)geographic
• C)customer
• D)functional

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Definitions:

Japan

An island country located in East Asia, known for its rich cultural heritage, advanced technology, and strong economy.

Comparative Advantage

The proficiency of an individual or collective in performing a certain economic function more efficiently than a different function.

Specialization

The process of focusing resources on the production of one or a few goods and services to increase efficiency.

Exchange

The process of exchanging one item for another, particularly one of similar type or value.