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Define the five major types of organization structure.
Divisional Structure
An organizational framework where operations are divided into semi-autonomous divisions, each responsible for its own product lines, operations, and resources.
Specific Skills
Specialized abilities and knowledge that are acquired through training or experience and are necessary for a particular job or activity.
Flatter Organizational Structures
Organizational structures characterized by fewer hierarchical levels, leading to shorter chains of command and potentially greater flexibility and employee empowerment.
Overhead Costs
Expenses associated with the operation of a business that are not directly tied to a specific product or service, like rent and utilities.
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