Final answer:
A market structure is adopted when managers organize divisions focused on the type of customer, aiming to cater to specific market segments and their needs.
Step-by-step explanation:
When managers organize divisions based solely on the type of customer they focus on, they adopt a market structure. This approach tailors the organization to better serve specific segments of the market and address particular customer needs, which can improve efficiency and customer satisfaction. In contrast to product, geographic, functional, or team structures, a market structure relies on understanding customer demographics, purchasing behaviors, and preferences to inform organizational decisions and marketing strategies.
When managers organize divisions based solely on the type of customer they focus on, they adopt a Market structure. Market structure refers to the way in which a market is organized and the degree of competition within the industry. By organizing divisions based on the type of customer, managers can better tailor their products and services to meet the specific needs and preferences of different customer segments.