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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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explore the organisational structures of businesses operating in global and international markets.

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The organizational structure of a company affects how its functioning units are set up and how they work together to achieve business needs. The objectives of an organization might determine how it is structured. Organizational structures assist firms in ensuring that all of the activities required for successful operations are delegated to the appropriate individuals. They also assist staff members and executives in understanding their responsibilities within the organization, including who they report to and who they manage.

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