Within DuPont's Textile Fibre Department,there Is a Separate Product Manager

question 3

Multiple Choice

Within DuPont's textile fibre department,there is a separate product manager for rayon,acetate,Orlon,nylon,and Dacron.Each product manager is responsible for selling to the various markets in which the textile could be used such as clothing,furniture,or floor coverings.Its other product divisions have similar structures.DuPont uses _____ to organize the company.

• A)product line grouping
• B)geographical grouping
• C)functional grouping
• D)matrix organization

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Definitions:

Increasing-Cost Industry

An industry in which production costs increase as the industry's output expands.

Constant-Cost Industry

An industry where the cost of production does not change as the industry's output changes.

Increasing-Cost Industry

An industry in which costs per unit of output increase as the scale of output is increased due to factors such as shortages of resources or higher input costs.

Long-Run Equilibrium

A state in economics where all factors of production and outputs are variable, allowing for the adjustment to changes in demand, supply, and prices, resulting in a situation where firms earn normal profit.