Answered: Define the term Grouping approach?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Define the term Grouping approach?

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The grouping approach refers to the techniques that grouped the position based on the skills, expertise, and used resources. The grouping approach include the different heads
1) The information flows between ups and downs.
2) Top management covers the information through the chain of command.
3) Due to the similar training and the expertise employees, and managers are compatible.
4) The grouping approach governs the duties and responsibilities of the rules and procedures.

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