The Process Strategy That Is Organized Around Processes to Facilitate

question 182

Short Answer

The process strategy that is organized around processes to facilitate low-volume, high-variety processes is called a(n) ________.

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Definitions:

Allocates Resources

the process of distributing available resources among various uses to achieve optimal outcomes or objectives.

Economic Freedom

The degree to which individuals and businesses can make economic decisions without government intervention.

Central Planning

A system where the government or a centralized authority makes all decisions about the production and distribution of goods and services.

Industry Output

The total production of goods and services by all firms in a particular industry over a specific time period.