Setup Costs ______

question 52

Multiple Choice

Setup costs ______.

• A)are the costs of setting up retail operations
• B)are the costs of changing production from one item to another
• C)are usually higher than holding costs
• D)are the same as storage costs

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Definitions:

Flatter Organizational Structures

Organizational structures characterized by fewer hierarchical levels, leading to shorter chains of command and potentially greater flexibility and employee empowerment.

Overhead Costs

Expenses associated with the operation of a business that are not directly tied to a specific product or service, like rent and utilities.

Delayering

The process of reducing the number of levels in an organization's hierarchy to flatten the structure, which often aims to improve efficiency and decision-making.

Front-Line Staff

Employees who directly interact with customers, playing a critical role in customer service and satisfaction.