MANAGEMENT

Detailed explanation-1: -A centralised structure is where business decisions are made at the top of the business or in a head office and distributed down the chain of command . It is often used in retail chains.

Detailed explanation-2: -In a centralized organizational structure, company owners or higher-level executives make all decisions relating to the daily operations of a company. They usually create the policies that team members implement to improve business processes.

Detailed explanation-3: -In a centralized organization, all of the “power” or decision-making authority lies with a group or individual at the top. The other members of the organization then work to carry out the decisions made by top-level leaders.

Detailed explanation-4: -A hierarchical organization concentrates authority exclusively with one person or leadership team, so that vertical top-down communication flow allows for uniformity of action. Small businesses in which the owner manages the firm, often adopt this centralized approach.