Today's Competitive Environment Has Refocused the Attention of Management on Its

question 118

Multiple Choice

Today's competitive environment has refocused the attention of management on its _________ and _________ departmentalization.

• A)customer; customer
• B)bottom line; customer
• C)global environment; customer
• D)customers; divisional

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Definitions:

Spend Map

A visual representation that depicts an organization's expenditure across different departments, suppliers, or categories, often used to identify cost-saving opportunities.

Multiple Sourcing

The strategy of procuring a particular product or service from more than one supplier in order to reduce dependency on any single source and increase reliability and competitiveness.

Bottleneck Items

Items or stages in a process that significantly delay production or throughput due to their limited capacity or efficiency.

Total Cost of Ownership

Encompasses the comprehensive assessment of the direct and indirect expenses associated with acquiring and operating a product or system over its entire lifespan.