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 The purpose of this change was to identify and abandon outdated rules and fundamental assumptions and act as if it were creating a new company more in tune with the needs of today's customers.GTE was using which business concept?
Foreclosure
The legal process by which a lender seizes and sells a property after the borrower fails to meet the terms of the mortgage.
Crisis
A critical, potentially destabilizing situation requiring a decision or change, often leading to significant personal or collective development.
Commitment
The state or quality of being dedicated to a cause, activity, or relationship.
Coherent Conception
A clear and logically connected idea or understanding of a complex aspect or entity.
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