Examlex

Solved

Using IT Systems to Enhance Efficiency and Effectiveness of Internal

question 61

Multiple Choice

Using IT systems to enhance efficiency and effectiveness of internal or supply chain processes is called:


Definitions:

Uncertainty and Volatility

Conditions characterized by unpredictable changes and a lack of stability, often referring to economic or financial markets.

Mechanistic

Describing an organizational structure that is highly formal, rigid, and bureaucratic, focusing on hierarchy, defined roles, and rules.

Organic Form

An organizational structure characterized by flexibility, decentralized decision-making, and a lack of formal procedures and hierarchies, often adapting quickly to environmental changes.

Perfect Substitute

A good, service, or resource that can be used in place of another with no loss of value or utility to the consumer.

Related Questions