One Example of a Strategy to Manage Increased Variation Is

question 42

Multiple Choice

One example of a strategy to manage increased variation is:

• A) Inventory buffers
• B) Reducing flexibility
• C) IT systems
• D) Outsourcing
• E) a and b

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Definitions:

Functional Lines

Functional lines refer to the various departments or units within an organization, each with specific responsibilities and roles.

Functional Expertise

Refers to the specific knowledge and skills that enable an individual to excel in a particular job or industry.

Economies of Scale

Cost advantages that a business obtains due to expansion, where the average cost per unit of output decreases with the increase in scale of production.

Functional Organizations

A type of organizational structure that groups employees based on their specialized roles or functions.