Economies of Scale,which Reduce Costs,can Be Achieved Through

question 44

Multiple Choice

Economies of scale,which reduce costs,can be achieved through

• A) standardization.
• B) localization.
• C) employing the learning curve.
• D) careful supervision of the manufacturing process.

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Definitions:

HR Functions

The diverse range of responsibilities and activities undertaken by the Human Resources department, including recruitment, training, development, and compensation management.

Outsourced

The practice of hiring third-party vendors to perform services or produce goods that were previously done in-house.

Employee Relations

The management of interactions between the organization and its employees, aiming to maintain positive working relationships.

Succession Management

Identifying and grooming new leaders to succeed the current ones when they exit, retire, or are deceased.