Examlex
GTE modified its telephone operations by creating "customer care centers." The purpose of this change was to identify and abandon outdated rules and fundamental assumptions and act as if it were creating a new company more in line with the needs of today's customers.GTE was using a new concept in business called:
Allocation of Resources
The process by which resources are distributed for the production of goods and services within an economy.
Government Intervention
Regulatory actions taken by a government in order to affect decisions made by individuals, groups, or organizations within its economic systems.
Excludable
A characteristic of a good or service that allows the owner or provider to prevent others from using it without permission.
Rival
A characteristic of a good or service that implies its consumption by one individual prevents simultaneous consumption by another individual.
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