A Major Strength of Formal Planning Is That It Gives

question 75

True/False

A major strength of formal planning is that it gives an organization rigidity.

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Definitions:

Fixed Costs

Costs that do not vary with the volume of production, such as rent, salaries, and insurance.

Variable Costs

Expenses that vary directly with the amount of production or operational activity within a company.

Mass Customization

The production approach that allows for the creation of personalized products or services to meet individual customer needs, while still achieving economies of scale.

Dell

A multinational computer technology company known for its direct sales model and build-to-order approach to personal computers.