The Method of Grouping That Is Basically a Division of an Organization

question 44

Short Answer

The method of grouping that is basically a division of an organization according to different products is referred to as ___________________ departmentalization.

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Definitions:

Long Tail

A business strategy focusing on selling a large number of unique items in small quantities, often facilitated by the internet.

Niche Brands

Brands that cater to specific, targeted segments of the market, often offering specialized products or services.

Market Opportunities

Potentially profitable gaps or areas within a market where demand can outstrip supply, signaling a chance for new or existing companies to grow.

Design Thinking

A problem-solving approach that involves empathy, creativity, and rationality to meet users' needs and resolve complex issues, often resulting in innovative solutions or products.