Examlex
The first stage of the organizational innovation process is _____ of creative ideas.
Division of Labor
The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Mass Production
The manufacture of large quantities of standardized products, often using assembly line or automation technologies.
Production Possibilities
The different quantities of goods and services an economy can produce when all its resources are fully and efficiently utilized.
Opportunity Cost
The expense incurred by not choosing the second-best option available during decision-making.
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