The Rapidly Changing Business Environment Caused by Increased Global Competition

question 21

True/False

The rapidly changing business environment caused by increased global competition, customer preference for custom-made rather than mass-produced products, and faster technological change is pressuring companies to make greater use of global product structures.

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Definitions:

Manager

An individual responsible for directing and overseeing the work of a group of people in an organization or department.

Debrief Phase

A critical discussion following an event, activity, or project, where participants reflect on what happened, analyze outcomes, and identify learning points.

Role Play

An educational technique in which people simulate real-life situations to practice behaviors and decision-making in a safe environment.

Feedback

Information given to an individual or group about their performance or behavior, intended to reinforce strengths or identify and improve weaknesses.