ECONOMICS

Detailed explanation-1: -Functional organization groups people with comparable skills and tasks; divisional organization creates a structure composed of self-contained units based on product, customer, process, or geographical division. Forms of organizational division are often combined.

Detailed explanation-2: -Also known as self-contained structures, these departments operate as if these were small organizations under a large organizational umbrella, meeting divisional goals as prescribed by organizational policies and plans. The decisions are generally decentralized so that the departments guide their own activities.

Detailed explanation-3: -Divisional. In a divisional structure, people are grouped together based on the product or service they provide, not the work they do. For example, a large corporation such as General Electric has divisions for electronics, transportation, and aviation, each with its own team of accountants, marketers, etc.

Detailed explanation-4: -A functional structure groups employees based on specializations, like having all accountants in the accounting or revenue department. A divisional structure groups them across product or service lines, like having a marketing department for each individual product.

Detailed explanation-5: -A divisional organizational structure is a system in which a company segments its employees based on products or markets, as opposed to their job roles. Some companies have marketing, sales and communications departments, while a divisional organization has teams dedicated to a specific region or product.