Examlex
Work specialization increases the time spent in changing tasks.
Product Manager
A role responsible for the strategy, roadmap, and feature definition for a product or product line, often acting as a liaison between various teams.
Coordination
The management of interdependencies between activities, tasks, and functions to achieve a harmonious operation and aligned efforts towards common goals.
Economies of Scale
Financial benefits gained by companies thanks to their large scale of operation, which typically leads to a reduction in the cost per unit of output as the scale increases.
Product Departmentation
A method of organizing a company based on the different products manufactured or services provided.
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