LS1576: “The various, multifaceted tasks and activities of an organization have to be divided into smaller,

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Question: “The various, multifaceted tasks and activities of an organization have to be divided into smaller,
manageable components to facilitate efficient achievement of objectives. The most common basis for differentiation and division are function, product,
location and customers”.

Elaborate this statement and discuss the importance of the underlying concepts in the functioning of an organization, with suitable examples known to you or you are familiar with.
Briefly explain the characteristics of the organization you are referring to.


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