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Several paper clips dangle from the north pole of a magnet.The induced pole in the bottom of the lowermost paper clip is a
Functional Lines
The divisions within an organization based on functions or roles, such as marketing, finance, and human resources.
Functional Expertise
Specialized knowledge or proficiency in a particular area or department of a business, contributing to its success and efficiency.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, leading to a lower cost per unit as output increases.
Adam Smith
Adam Smith was an 18th-century Scottish economist and philosopher, best known for his works on the principles of free market capitalism, particularly as outlined in "The Wealth of Nations."
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