The Simple Structure Is Characterized by a High Degree of Departmentalization

question 21

True/False

The simple structure is characterized by a high degree of departmentalization and narrow span of control.

---

Definitions:

Pure Monopolist

A single seller in a market with no close substitutes for the product, resulting in complete market control.

Pure Competitor

A market participant in an industry where many sellers offer identical products, and no single seller can influence market price.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for competition on factors other than price.

Product Differentiation

The method of making a product or service stand out from the competition to appeal more to a specific target audience.