Examlex
Business legislation has been created for three basic reasons: to protect companies from each other, to protect consumers, and to ________.
protect the interests of society
regulate prices
increase world trade
regulate monopolies
promote environmental sustainability
Transformation Strategy
A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.
Efficiency
The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.
Flexibility
The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.
Process Redesign
The fundamental rethinking of business processes to bring about dramatic improvements in performance.
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