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Which of a Firm's Resources Is the Most Flexible and Should

question 71

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Which of a firm's resources is the most flexible and should have the strongest relationship to the extent of diversification?


Definitions:

Low Ranks

Positions or statuses that are at the bottom or lower levels within a hierarchical organization or system.

McDonaldized

Referring to the process by which the principles of the fast-food industry, such as efficiency, predictability, and control, are coming to dominate more sectors of society and more organizations.

Predictability

The ability to accurately forecast future events or behaviors based on current or past patterns.

Standardization

The process of implementing and developing technical standards to optimize compatibility, safety, repeatability, or quality.

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