Which of the Following Business Practices Involves Reducing the Number

question 86

Multiple Choice

Which of the following business practices involves reducing the number of organizational levels to get closer to the customer?

• A) flattening
• B) globalizing
• C) decentralization
• D) merging
• E) justifying

Understand the distinction between fine and gross motor skills.

Understand the concept of opportunity cost and how it varies between countries.

Recognize the benefits of trade between countries based on the principle of comparative advantage.

Analyze the concept of absolute advantage in the production of goods.

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Definitions:

Custom Products

Goods that are tailored or personalized to meet the specific preferences or requirements of a customer.

Mass Production

The manufacturing of large quantities of standardized products, often utilizing assembly lines and automation, to optimize efficiency and reduce costs.

Assembly-Line System

A manufacturing process in which parts are added to a product in a sequenced manner to create a finished product efficiently.

Management of Networks

Strategies and practices involved in overseeing a series of interconnected individuals, groups, or systems to achieve certain goals.