Examlex
A good rule to follow to prevent behavioral problems associated with implementing a new system is "Avoid complex systems that cause radical changes." What expression is used to describe this system design rule?
Homeshoring
A practice where businesses hire employees to work from home or a remote location rather than in a traditional office setting, often used as an alternative to offshoring.
Reshoring
The process of bringing back manufacturing and services to a country from overseas to strengthen the local economy and reduce reliance on foreign suppliers.
Minimum Efficient Scale
The smallest production quantity at which the long-run, total average cost is minimized.
Economies of Scale
Refers to the cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost.
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