Looking Outside the Organization to Examine What Industry Competitors and Excellent

question 14

Multiple Choice

Looking outside the organization to examine what industry competitors and excellent performers outside of your industry are doing in a particular process is called:

• A) Industrial espionage
• B) Unethical
• C) External benchmarking
• D) Hiring an outside expert
• E) Reverse engineering

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Definitions:

Goal Congruence

The alignment of individual objectives with the overall objectives of the organization, ensuring that all members are working towards the same goals.

Transfer Price

The pricing of goods, services, or tradable assets between affiliated divisions within the same organization.

Autonomy

The degree of self-governance or independence an individual or entity has to make decisions without external influence.

Transfer Pricing Formula

A technique utilized to set the selling price of products and services exchanged among departments within the same organization.