Briefly describe the five basic forms of departmentalization
What will be an ideal response?
Answer: The five basic forms of departmentalization are customer, product, process, geographic, and functional. Customer departmentalization occurs when the organization is divided according to the types of customers they serve. An organization with product departmentalization groups people and functions according to the specific products being created. Process departmentalization occurs when the organization is divided according to production processes. Organizations with geographic departmentalization create divisions to serve different geographic areas. Finally, functional departmentalization occurs when departments are created around their function or activity. The five basic forms of departmentalization are customer, product, process, geographic, and functional.
You might also like to view...
You know that your natural conflict management style is to compromise, accommodate, or avoid. Should you consider using an agent in upcoming negotiations, or try negotiating on your own?
What will be an ideal response?
In an economic downturn, it is virtually impossible for a retail store to thrive.
Answer the following statement true (T) or false (F)
When a company issues stock at an amount greater than the par value, a gain is recorded for the difference between the issue price and the par value
Indicate whether the statement is true or false
BW Department Store expects to generate the following sales for the next three months: JulyAugustSeptemberExpected sales$490,000$540,000$580,000BW's cost of goods sold is 60% of sales dollars. At the end of each month, BW wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should BW plan to purchase in August?
A. $314,600 B. $352,800 C. $330,000 D. $327,800