Question

Companies engaged in a single line of business utilize an organizational structure that may vary depending upon the strategy-critical activities and can be?

Answer 1

Companies engaged in a single line of business may employ different organizational structures depending on their strategy-critical activities.

Step-by-step explanation:

Companies engaged in a single line of business often employ an organizational structure that is tailored to their strategy-critical activities. This structure can vary depending on the business's needs and goals. For example, a company that focuses on manufacturing and selling automobiles may have a functional organizational structure, where different departments are responsible for specific functions such as engineering, production, marketing, and finance. On the other hand, a company that offers specialized consulting services may have a project-based organizational structure, where teams are formed for each client project.

Other potential organizational structures for single-line businesses include divisional structure, where the business is divided into separate divisions based on geographic regions or product lines, and matrix structure, where employees work on both functional and project teams.

The choice of organizational structure ultimately depends on various factors such as the company's size, industry, market conditions, and strategic objectives.