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What is an advantage of the functional organization structure?
The members of the organization speak a foreign language.
The organization is staffed with people who have expert knowledge about the product.
Coordinating highly specialized functions is easy.
Members of the organization report to two or more managers.
The functions are performed by experts in their field.
Market
Any institution or mechanism that brings together buyers (demanders) and sellers (suppliers) of a particular good or service.
Majority Voting
A decision-making process where the choice that gathers more than half of the votes wins, commonly used in democratic elections and organizations.
Public Good
A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Total Benefits
The complete range of advantages or improvements gained from a product or service, often assessed in economic terms.
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