To Be World Class, an Organization Should

question 120

Multiple Choice

To be world class, an organization should

• A)strive for a controlled improvement.
• B)operate at the highest standards of any place anywhere.
• C)be driven by business-as-usual goals.
• D)solely focus on beating the competition.
• E)continue to use the methods, systems, and cultures of the past.

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Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.