When Managers Organize Divisions Based Solely on the Type of Customer

question 26

Multiple Choice

When managers organize divisions based solely on the type of customer they focus on, they adopt a

• A)product structure.
• B)geographic structure.
• C)market structure.
• D)functional structure.
• E)product team structure.

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Definitions:

Unpaid Debts

Liabilities or amounts owed that have not yet been paid or settled.

Liquidation Expenses

Costs associated with the process of dissolving a company, including paying off debts and distributing remaining assets to shareholders.

Final Settlement

The concluding process in a financial transaction where the seller transfers assets to the buyer, and the buyer pays the seller.

Profit and Loss Sharing

An arrangement, often in partnerships, where profits and losses are distributed among parties based on a pre-agreed ratio.