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Viola Inc.has made its organizational hierarchy flat in a quest to maximize product innovation from its employees,minimize conflict,and ensure smooth workflow.Viola Inc.'s decision has been influenced by the announcement that two of its biggest competitors are merging.Which of the following organizational changes has Viola Inc.adopted?
Unit Cost
The cost to produce, acquire, or purchase one unit of a product or service, calculated by dividing total costs by the number of units produced or acquired.
Inventory
The total amount of goods or materials in stock, which a business holds to ultimately sell for a profit.
Specific Identification Formula
A method used in inventory accounting that tracks the cost of specific items purchased and sold.
Low-Unit-Cost Items
Items or inventory that individually have a low value or cost but may collectively represent a significant value.
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