Examlex
The difference threshold is the minimum difference a person can detect between any two stimuli
Functional Departmentation
The process of grouping organizational activities into separate units or departments based on functions such as marketing, finance, and human resources.
Professional Development
Ongoing learning and training activities that individuals engage in to enhance their skills, knowledge, and competencies for career advancement.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Matrix Structure
An organizational design that combines two or more types of structures, typically functional and product-based, to leverage the advantages of both.
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