What Is the Term for the Process of Decreasing the Time

question 148

Multiple Choice

What is the term for the process of decreasing the time and resources required by an activity?

• A)activity reduction
• B)activity sharing
• C)activity elimination
• D)activity mapping

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Definitions:

Industry's Concentration

A measure of the extent to which market share is dominated by a few large companies within a particular industry.

Price Discrimination

Occurs when a seller charges two or more prices for the same good or service.

Clayton Act

A United States antitrust law passed in 1914, aimed at promoting competition by preventing unfair practices such as price discrimination and exclusive dealing agreements.

Sherman Act

The Sherman Act is a landmark U.S. antitrust law enacted in 1890 to combat anti-competitive practices and promote fair competition.