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Which of the Following Techniques of Encouraging Creativity Is Followed

question 45

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Which of the following techniques of encouraging creativity is followed by the 3M?


Definitions:

Responsiveness

The ability of a company or organization to react quickly and effectively to changes in the environment, customer demands, or market conditions.

Economies of Scale

The cost advantage achieved by an increase in production, leading to a decrease in the cost per unit.

Inbound Transportation Costs

Expenses associated with moving goods from suppliers to a company, including freight, shipping, and handling fees.

Milk Runs

A delivery method in which a single vehicle collects goods from several suppliers in a single trip, improving efficiency and reducing transportation costs.

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