Question

A market structure is one where an organizationa market structure is one where an organizationgroups people together because they hold similar positions in a company, perform a similar set of tasks, or use the same kind of skillsgroups products into separate divisions according to their similarities or differencesgroups products into separate divisions according to the needs of different customersgroups products into separate divisions according to the needs of the different geographical regions the company serves.

In organizational structure, what is a market structure?
A) Groups people together based on their positions in a company.
B) Groups products into separate divisions according to their similarities or differences.
C) Groups products into separate divisions according to the needs of different customers.
D) Groups products into separate divisions according to the needs of the different geographical regions the company serves.

Answer 1

In an organizational structure, a market structure is defined by how a company groups its products. Specifically, it refers to assembling products into divisions based on different customer needs, making option C the correct answer.

Step-by-step explanation:

The question is related to the concept of market structure in an organizational context. When we talk about market structure in terms of an organization, we refer to how a company groups its products to effectively serve the market. The specific types of market structures mentioned include grouping by product similarity, customer needs, and geographical regions.

However, the original question is seeking what defines a market structure in an organizational structure context, particularly concerning products and customers. Here, the correct answer is option C: Market structure involves grouping products into separate divisions according to the needs of different customers. This strategy allows a company to cater to the specific preferences and demands of varying customer demographics, leading to a more targeted and successful market approach.