Examlex
Improvements in a person's financial position are the result of:
Organisational Performance
A measure of how efficiently and effectively an organization meets its objectives.
Open System
An open system is one that interacts with its environment, exchanging information, resources, and materials to sustain its operations and adapt to environmental changes.
External Environment
Factors outside of an organization’s control that can affect its performance and strategy, including economic, regulatory, and competitive forces.
Resource Inputs
The essential materials, labor, and energy required for the production process in an organization, contributing to its output and operational success.
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