Which of the Following Structures Fosters a Low- Cost Culture

question 67

Multiple Choice

Which of the following structures fosters a low- cost culture?

• A)Matrix structure
• B)Mechanistic structure
• C)Organic structure
• D)Market structure

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Definitions:

Formalization

The extent to which policies, procedures, job descriptions, and rules are written and explicitly articulated within an organization.

Specialization

The process of focusing on and becoming an expert in a particular area of knowledge, skill, or activity.

Standardization

The process of implementing and developing technical standards to ensure uniformity and consistency across different products, services, or procedures.

Cross-Functional Collaboration

A process where team members from various departments or specialties work together towards a common goal.