___________________ Means Allowing Employees at the Lowest Level of the Firm

question 106

Short Answer

___________________ means allowing employees at the lowest level of the firm to make important decisions on how service is provided to customers.

---

Definitions:

Unlimited Demand

A theoretical concept where there is no upper limit to the quantity of a good or service that consumers wish to purchase, at a zero price point.

Materials Costs

The cost of raw materials used in the production of goods, a major component of the total manufacturing cost.

Processing Costs

Costs incurred in the course of converting raw materials into finished goods, including labor and overhead expenses.

Relevant

Pertains to information or costs that are pertinent to a particular decision, differing under the alternatives being considered.