______________________ Consists of All Activities Necessary to Provide the Members

question 62

Short Answer

______________________ consists of all activities necessary to provide the members of an economic system with goods and services.

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Definitions:

Organizational Structure

The system used to define a hierarchy within an organization; it identifies each job, its function, and where it reports within the organization.

Matrix Organization

A corporate structure that combines two or more different types of organizational structures, typically functional and product-based divisions, to leverage the benefits of both.

Market-Based Structure

An organizational structure where decisions and activities are guided by market signals rather than by internal considerations.

Product Groupings

The classification of individual products into larger categories based on characteristics, functions, or customer segmentation for marketing and logistical purposes.