Examlex
Which of the following statements is correct?
Product
An item or service created through a process and offered in the market to satisfy a need or desire.
Divisional Structure
An organizational layout where operations are grouped based on divisions, which could be product lines, geographical areas, or customer markets.
Functional Structure
An organizational structure where the company is divided into departments based on their functions, such as marketing, operations, and finance.
Geographic Location
The specific physical position of something on the Earth's surface, determined by its latitude, longitude, and other factors.
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