Under normal circumstances, a business enterprise can be ideally structured
Under normal circumstances, a business enterprise can be ideally structured
- A) by product, function or territories
- B) around the personalities in the enterprise
- C) on the ruling of the management
- D) on the basis of an order from stockholders
Correct Answer: A) by product, function or territories
Explanation
Under normal circumstances, a business enterprise can be ideally structured in different ways. One way is by product, function, or territories. This means that the business can organize itself based on the different products it offers, the different functions it performs, or the different territories it operates in.For example, a business that sells clothing, accessories, and shoes may choose to have separate divisions or departments for each product category. This allows for specialization and efficiency in each area.
Alternatively, a business may choose to structure itself based on different functions such as marketing, finance, and operations. Each function would have its own department or team responsible for carrying out the specific tasks related to that function.
Lastly, a business may choose to structure itself based on territories, especially if it operates in multiple locations. For instance, a retail chain with stores in different cities or countries may have separate divisions or branches for each territory to ensure efficient management and coordination.
Overall, structuring a business by product, function, or territories allows for effective organization and management of the enterprise. It helps ensure that each aspect of the business is properly managed and optimized for success.