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