Final answer:
A divisional (M-form) business structure is a business structure with multiple independent divisions, each operating like its own separate business.
Step-by-step explanation:
A divisional (M-form) business structure refers to a business structure with multiple independent divisions. Each division operates like its own separate business, with its own resources, goals, and management. This structure allows for more flexibility and adaptation to different markets and product lines. An example of a divisional structure is a company like Procter & Gamble, which has divisions or business units for different product categories such as beauty, grooming, and healthcare.