Organizations That Operate and Compete in More Than One Country

question 30

Multiple Choice

Organizations that operate and compete in more than one country are known as ________ organizations.

• A)diversified
• B)expanded
• C)allied
• D)global

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Definitions:

Reengineering

The process of redesigning business processes and workflows to achieve significant improvements in critical aspects like productivity, cycle times, and quality.

Technology

The use of scientific insights for practical applications, chiefly in the realm of industry.

Total Quality Management

A management approach focused on continuous improvement of processes, products, and services, involving all members of an organization.

Economic Order Quantity

A formula used in inventory management to determine the optimal order size that minimizes the total costs of holding and ordering stock.