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- Product, customer, and geographyA business unit is a department or team that develops and implements independent strategies in a company1. There are three common types of business units: product, customer, and geography2. Departments in a company include Human Resources, IT, Accounting and Finance, Marketing, Research and Development (R&D), and Production3. Some product-based or project-based companies may divide up business units by addressing a single product or project as a department3. Other types of business units include individual proprietorship, partnership, and joint stock company4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A business unit is a department or team that develops and implements independent strategies in a company. While they are fully functional divisions, their processes and practices typically align with a company's primary activities. For example, suppose a company producing equipment has business units for appliances and electronics production.ca.indeed.com/career-advice/career-development/…There are three common types of business units: product, customer, and geography. Product business units are responsible for developing and marketing products within a certain category. For example, a company that sells multiple types of electronics may have a separate business unit for each type of product.oboloo.com/blog/what-is-a-business-unit-definition/Departments in a company include Human Resources, IT, Accounting and Finance, Marketing, Research and Development (R&D), and Production. Some product-based or project-based companies may divide up business units by addressing a single product or project as a department.corporatefinanceinstitute.com/resources/accountin…The following points highlight the top five types of business units. The types are: 1. Individual Proprietorship 2. Partnership 3. Joint Stock Company.www.economicsdiscussion.net/business-economic…
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