An Aspect of Global Competition Is That It Has Increased

question 50

Multiple Choice

An aspect of global competition is that it has increased performance standards in many dimensions.These dimensions do NOT include:

• A) production cost.
• B) quality of product.
• C) social responsibility.
• D) decreased production time.

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Definitions:

Imitate Management

The process or practice where employees mimic or adopt the behaviors and strategies of their managers or leaders to achieve success or improve performance.

Institutionalized

The process by which certain practices, norms, or ideas are established and ingrained into society or organization, often becoming a standard.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Organizational Entity

Refers to any organizationally defined unit within a business, such as departments, divisions, teams, or any designated group of employees.