Examlex
When the value of money rises, what happens to the number of dollars needed to buy a representative basket of goods?
External Environment
The outside factors and influences that affect the operation and performance of an organization.
Centralize
Refers to the process of concentrating decision-making authority and control at the top levels of an organization.
Tall Hierarchies
Organizational structures with multiple levels of management and authority, sometimes leading to slower decision-making processes.
Employee Empowerment
Practices that give employees more autonomy, responsibility, and authority over their work, aiming to increase engagement and productivity.
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