What Is Operationalizing

question 30

Multiple Choice

What is operationalizing?

• A)Operating under certain common assumptions
• B)Deconstructing a variable
• C)Using a proxy measure
• D)Translating a theoretical concept into attributes that can be measured

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Definitions:

Make-Or-Buy Decision

A strategic decision-making process used by companies to determine whether it is more cost-effective to produce goods internally or buy them from an external supplier.

Cost Savings

Reductions in expenses achieved through efficiency improvements, budget adjustments, or other financial strategies.

Production Opportunities

Situations or contexts in which a company has the potential to increase its output, efficiency, or product offerings.