Examlex
Two popular business strategies are low-cost strategy and product diversification.
Empowerment
A management practice of sharing information, rewards, and power with employees so that they can take initiative and make decisions to solve problems and improve service and performance.
Flexibility
The ability to adapt, change or be modified to suit new conditions or situations.
Selection Method
The process or technique used by organizations to choose the most suitable candidates from a pool of applicants.
Psychological Testing
The use of formal tests to evaluate an individual's mental functions and behaviors, often used in the hiring process to assess potential employees.
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