Final answer:
The divisional structure of an organization can be categorized into Product division, Customer division, and Geographic division, each grouping activities based on products, customers, and regions respectively.
Step-by-step explanation:
When it comes to organizing a corporation's operations, one common framework utilized is the divisional structure. Each type of divisional structure is tailored to address certain needs and strategies within an organization. Three main forms of divisional structures include Product division, Customer division, and Geographic division.
A Product division groups activities around similar services and/or products, which allows a company to focus its efforts on product development, marketing, and service for specific lines of products independently of other divisions.
A Customer division is focused on grouping activities around common clients or customers, enabling the organization to tailor its products or services to meet the distinct needs of different customer segments.
Last but not least, a Geographic division groups activities around defined regional locations, facilitating the company's ability to address the various cultural, legal, and economic environments found in different geographic areas.