As a Result of Global Competition,many Companies ______

question 86

Multiple Choice

As a result of global competition,many companies ______.

• A)lost their competitive edge and market share
• B)realized the importance of operations strategies
• C)adopted total quality management
• D)all of these

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Definitions:

Corporate Social Responsibility

An approach in business aimed at fostering sustainable growth by ensuring economic, societal, and ecological gains for all parties involved.

Classical Writings

Historic documents, texts, or literature that have been recognized for their enduring significance, originality, and influence on culture or thought.

Performance Deficiencies

Lacking the necessary skills, efforts, or capabilities to achieve desired work performance levels.

Bureaucracy

An organizational structure characterized by formal procedures, hierarchical authority, and a clear division of labor, often resulting in a perceived slow decision-making process.