The Path to Success Requires Businesses to Become ________ Who

question 86

Multiple Choice

The path to success requires businesses to become ________ who see the world as their market rather than just ________.

• A)"exporters";"insiders"
• B)"insiders";"exporters"
• C)"importers";"insiders"
• D)"outsiders";"exporters"

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Definitions:

Lean Environment

A management philosophy focusing on reducing waste and improving efficiency in the production process, often resulting in cost savings and higher quality products.

Operations

Activities carried out by a company to produce, buy, sell goods or services in the most efficient and effective manner.

Management

The act of directing and controlling a group or organization to achieve goals.

Inventory Reduction

A decrease in the amount of inventory a company holds, often achieved through sales or more efficient production processes.