There Is No Effective Strategy Developed Yet for Global Companies

question 27

True/False

There is no effective strategy developed yet for global companies is to control costs while catering to local market tastes.

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Definitions:

Personal Time Allowances

Additional time given to workers to account for personal needs, breaks, and minor delays that are part of the work process.

Work Measurement

The process of analyzing and assessing the time necessary to complete tasks to determine ways to increase efficiency.

Work Sampling

A statistical technique used for analyzing work efficiency and performance by taking random samples of work activities over time.

Idle Time

Periods when resources are available but not in use, often due to delays, inefficiencies, or lack of demand, leading to wasted capacity.