With ________ Options, Serving Markets on Two Continents by Building

question 2

Multiple Choice

With ________ options, serving markets on two continents by building two plants instead of one gives a firm the option of switching production from one plant to the other as conditions dictate.

• A) waiting-to-invest
• B) growth
• C) flexibility
• D) learning

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Definitions:

Market Value

The present cost at which a product or service is available for purchase or sale in the market.

Quality of Work Life

The overall environment at a workplace, including job satisfaction, stress levels, work-life balance, and the safety and health conditions that affect an employee's welfare.

Employee Satisfaction

A measure of how content and fulfilled employees are with their job and working environment.

Empowerment

The process of giving power, authority, and confidence to employees, enabling them to take initiative and make decisions.