Process of Taking Wool Off Sheep and Using It to Make

question 171

Multiple Choice

process of taking wool off sheep and using it to make soft sweaters shows how manufacturing can create __________ utility.

• A) time
• B) place
• C) possession
• D) market
• E) form

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Definitions:

Classical Management Strategy

A set of principles for managing organizations that emphasizes planning, organizing, leading, and controlling.

Horizontal Communication

The exchange of information between individuals or units of an organization at the same hierarchical level, aimed at coordination and collaboration.

Organizational Structure

The system used to define a hierarchy within an organization, specifying roles, responsibilities, and the flow of information.

External Uncertainty

The unpredictability in an organization's external environment that can affect its operations and performance, including economic, social, and political factors.