Examlex
Trade between nations can be traced back as far as ________.
Functional Areas
Distinct categories within an organization, each focused on a particular aspect of the business, such as marketing, finance, or human resources.
Specialization
A focus or concentration on a particular area of expertise, leading to increased efficiency and skill in that area.
Total Cost of Ownership
The comprehensive assessment of the direct and indirect costs associated with the purchase and operation of a product or system over its entire lifespan.
Centralization
A process where decision-making authority is concentrated at a single point in the organization, often at the top management level.
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