Product, market, and geographic structures are the three types of ______ structures.Multiple choice question.matrixdivisionalfunctionaldepartmental

The correct answer to this multiple-choice question is divisional.

Explanation:

Divisional structures are commonly used by organizations to divide their operations based on specific products, markets, or geographical areas. This allows each division to operate semi-independently, focusing on its own distinct goals, while still contributing to the overall objectives of the organization.

1. Product Structure: This involves organizing divisions based on different products offered by the company. Each division focuses solely on its product line, such as electronics or clothing.

2. Market Structure: Here, divisions are set up according to different market segments. This allows the company to tailor its marketing strategies, sales efforts, and product development to the unique needs of each market.

3. Geographic Structure: This structure divides the organization based on geographic locations, such as regions or countries. This helps companies address local markets effectively by adapting to cultural and economic differences.

By adopting a divisional structure, organizations can increase their flexibility and responsiveness to market changes, which is crucial in a competitive business environment.