An Organizational Structure in Which Departments Are Formed on the Basis

question 69

Short Answer

An organizational structure in which departments are formed on the basis of functional areas such as production,marketing,and finance is called a(n)________ structure.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.

Market Demand Curve

A graphical representation showing the quantity of a particular good or service that consumers are willing and able to buy at various prices.

Individual Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity of the good a single consumer is willing to buy at those prices.

Substitute Goods

Products or services that can replace or substitute each other in use, where an increase in the price of one leads to an increase in demand for the other.