Examlex
The use of threats to force a party to enter into a contract is undue influence.
Horizontal Structure
An organizational layout that emphasizes teamwork and collaboration among departments or teams, with a minimal level of hierarchy.
Divisional Structure
An organizational arrangement where operations are grouped based on similar products or services, markets, or geographic locations.
Functional Structure
Functional Structure refers to an organizational form where the company is divided into departments each handling a specific function, like marketing or finance, concentrating expertise but potentially limiting inter-department communication.
Vertical Structure
An organizational structure where authority flows from the top down, with a clear line of command.
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