Global Competition Forces Firms to ________

question 57

Multiple Choice

Global competition forces firms to ________.

• A)become lean, fast, and flexible
• B)build up enormous cash reserves
• C)think locally
• D)become more hierarchical

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Variability

The degree to which observations in a dataset or statistical distribution vary from the mean and among themselves.

Range

The difference between the highest and lowest scores in a data set, reflecting the spread or dispersion of the scores.

Mean Deviation

The average of absolute differences between each value in a set and the mean of the set, indicating the dataset's dispersion.