Simple Organizational Structures Are Most Efficacious in Businesses That Serve

question 73

Multiple Choice

Simple organizational structures are most efficacious in businesses that serve:

• A) A broad, international product/market
• B) A highly fragmented market
• C) A cost-competitive product/market
• D) A local product/market or narrow niche

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Definitions:

Employee Surplus

A situation where the number of employees exceeds the number of jobs available within an organization.

Economic Reasons

Justifications or explanations for actions or decisions based on financial, market, or economic factors and considerations.

Separation

The process of an employee leaving a company, whether through resignation, termination, or retirement, often involving administrative and human resource procedures.

Flexible Work Arrangements

Employment terms that allow for variations in scheduling, location, and hours worked, catering to the needs of both employer and employee.