Examlex
If economic conditions are such that very slow growth is expected in the foreseeable future,one would want to invest in industries with __________ sensitivity to economic conditions.
Economies of Scale
Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.
Function Based Divisions
Organizational structuring where a company is divided into departments based on functions such as marketing, finance, or production.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.
M-Form Organization
A multi-divisional organizational structure, characterized by a set of autonomous divisions organized under a centralized corporate headquarters.
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