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A Publisher of Photography Books Finds That It Is Cost-Effective

question 107

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A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time.But a bookstore orders only a few copies of each book,since its customers want to select from a wide variety.This example shows


Definitions:

Managers

Individuals in an organization responsible for planning, directing, coordinating, and overseeing the work of others to achieve the organization's goals.

Crowdsourcing

The practice of obtaining information, ideas, input, or funding from a large, typically online, group of people, rather than relying on traditional employees or suppliers.

Decision Process

The sequence of actions and rational considerations undertaken to select an option among available alternatives.

Collection of Experts

A group of individuals with specialized knowledge or skills brought together to tackle specific problems or projects.

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