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A Company Recently Implemented Strategies to Reduce the Number of Inputs

question 6

Multiple Choice

A company recently implemented strategies to reduce the number of inputs required to produce outputs at various stages of the value chain. This has resulted in ________ efficiency and the cost of outputs is ________.


Definitions:

Company-Related Competencies

The unique capabilities and resources that a company possesses, which give it a competitive edge in the market.

Cultural Intelligence

The capability to relate and work effectively across cultures.

Functional Excellence

The ability to collaborate with different units and functions within the company.

Moral Principle

Fundamental beliefs about what is right and wrong that guide an individual's or society's actions and decisions.

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