Examlex
Discuss the theory of absolute advantage and how it explains the basis for trade between nations.
Outsource
The practice of hiring third-party vendors to perform tasks, handle operations or provide services that are either difficult to manage or outside of a company's core competencies.
Support Functions
The various back-office activities and services that help an organization run smoothly, such as IT, HR, and finance.
Team Structure
The arrangement and organization of a group of individuals working together towards a common goal, defining roles, responsibilities, and the hierarchy.
Effective Lateral
A term relating to efficient communication and collaboration across different levels or departments within an organization, without relying on hierarchical chains of command.
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