Critics Charge That Intermediaries _

question 12

Multiple Choice

Critics charge that intermediaries _.

• A)are too few in number
• B)provide only necessary services
• C)are inefficient
• D)underprice their services
• E)are too competitive

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Definitions:

Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.

Process Redesign

The fundamental rethinking of business processes to bring about dramatic improvements in performance.

Departmental Areas

Specific sections within an organization or entity, designated for particular administrative functions or activities.