BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They are easy to manage and offer hardly any downside
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They offer potential opportunities to maximise profit
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They consider both social and financial legislation
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They provide lots of opportunities for promotion and a chance to earn more money
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Detailed explanation-1: -Hierarchical org structure It’s the most common type of organizational structure-the chain of command goes from the top (e.g., the CEO or manager) down (e.g., entry-level and low-level employees), and each employee has a supervisor.
Detailed explanation-2: -Amazon is an example of an organization with a hierarchical structure, largely due to its size. As the largest internet retailer, the company currently employs approximately 560, 000 people around the world. With the hierarchical structure, all of Amazon’s employees report up to the founder and CEO, Jeff Bezos.
Detailed explanation-3: -A hierarchical structure has many layers of management, and businesses with this structure often use a ‘top-down’ approach with a long chain of command . In a hierarchical structure, managers will have a narrow span of control and a relatively small number of subordinates (staff).