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__________ Takes Advantage of International Wage Gaps by Contracting for Low-Cost

question 27

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__________ takes advantage of international wage gaps by contracting for low-cost goods and services in foreign locations.


Definitions:

Bottom-up Change

A change strategy where ideas and initiatives originate from lower-level employees and move upward through the organizational hierarchy.

Top-down Change

What occurs when change initiatives come from senior management.

Incremental Change

Gradual, step-by-step modifications or improvements made to processes, systems, or products over time, rather than dramatic or radical transformations.

Outside-in Change

An approach to change management that starts with external market or environmental sentiments and trends, then works inward to adjust organizational strategies, structures, and processes.

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