Examlex
A situation in which one firm sets the price and other firms in the industry match it is known as:
Process Re-Engineering
The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, service, and speed.
Systems Bottlenecks
refer to points of congestion in a system where the flow of processes is impaired, causing delays and inefficiencies.
Productivity
A measure of how efficiently outputs (goods and services) are produced from inputs (labor, capital, materials).
Global Financial Crisis
Was a consequence of sub‐prime mortgage defaults in the United States in 2008 and culminated in a worldwide recession.
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