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The Strength of the Functional Structure Is That It Focuses

question 93

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The strength of the functional structure is that it focuses on results because managers are responsible for what happens to their products and services.


Definitions:

Restructuring Finances

The process of reorganizing a company’s financial affairs, often in response to financial crisis, to ensure sustainability.

Retirement Plans

Financial strategies that individuals use to allocate savings and investments for the period of life after they stop working.

Financial Viability

The ability of a business to generate sufficient revenue to cover its expenses and continue operations over the long term.

Business Model Canvas

A strategic management template for developing new or documenting existing business models, consisting of 9 interconnected components.

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