Continuous Improvement of Processes Is an Excellent Goal for P/OM

question 113

True/False

Continuous improvement of processes is an excellent goal for P/OM managers.It is a function of P/OM that is valued by all other functions of the organization.

---

Definitions:

Foreign Supplier

An overseas entity that provides goods or services to another company or organization within a different country.

Home Market

The domestic marketplace where goods and services are bought and sold within a country.

Dumping

The practice of selling goods in a foreign market at a price that is below the cost of production or below the price in the home market, often considered an unfair trade practice.

Government Subsidies

Financial assistance provided by the government to individuals, organizations or industries to support or promote economic and social policies.