Final answer:
The company's divisions for distinct types of products with functions like marketing and finance in each division illustrate a product organizational structure.
Step-by-step explanation:
The company structure described in the student's question is an example of a product organizational structure. This type of structure is designed to support companies with multiple product lines, ensuring that each distinct product or product group has its dedicated teams responsible for functions such as marketing, sales, manufacturing, and finance. In a product organizational structure, each division operates almost like its own company but is still under the umbrella of the larger organization, allowing for specialized focus on each product line while maintaining overall corporate alignment.