Examlex
When a scarce good or resource is consumed by the person who does not value it most, economists refer to the situation as
Matrix Structures
Describes an organizational structure where employees report to multiple managers, such as a project manager and a functional manager, aiming to improve flexibility and innovation.
Technical Specialists
Professionals with advanced skills and knowledge in a specific technical area, contributing expertise to support organizational goals and processes.
Marketable Products
Products that can easily find buyers in the market due to their perceived value, utility, quality, or brand appeal.
Departmentalization
The process of dividing an organization into different departments, which allows for specialization of tasks and helps in the efficient management of resources.
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