Examlex
Which of the following is considered a managerial decision or semistructured decision?
Mass Manufacturing
The production of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.
Labor Relations
The interaction between management and labor unions or workers, encompassing negotiation, compliance with labor laws, and workplace conflict.
Business Environment
The combination of external and internal factors that influence a company's operating situation, including economic, legal, technological, and social conditions.
Cost Reduction
The process or strategy of reducing the amount of money required to produce goods or services without compromising on quality, often through efficiencies, economy of scale, or re-negotiation of contracts.
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