Final answer:
The matrix organization is the structure that best supports companies with rapid growth and diverse product lines, as it allows for flexibility and the integration of a range of skills and expertise.
Step-by-step explanation:
Companies that adopt the matrix organization structure are generally experiencing rapid growth and have broad, diverse product lines. A matrix organization is designed to respond quickly to changes in technology, economics, foreign competition, globalization, and workplace demographics. Unlike a traditional hierarchical structure, the matrix allows for more flexibility and better integration of diverse skills and expertise by facilitating work through cross-functional teams.
In a matrix organization, an employee may report to multiple managers, typically one functional manager and one product manager. This creates a dynamic work environment that can be responsive to complex and rapidly changing market conditions. The matrix structure supports businesses that need to delegate work to teams with diverse skills and expertise, which is crucial for innovation and competitive advantage in today's global marketplace.
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