Examlex
Which term means the extent to which variation among people on a given characteristic is due to genetic differences?
Functional Structure
An organizational design where the company is divided into departments based on specialized functions, such as marketing, finance, or operations.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
Expertise
Refers to the high level of knowledge or skill in a particular field or domain, acquired through training, experience, or study.
Shadow Organization
An informal organization within a business that is not officially recognized but significantly influences its operations.
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