Examlex
Which of the following is a form of recognition?
Overhead
The ongoing administrative and operational costs not directly tied to the production of goods or services in a business.
Operating Efficiency
The ability of an organization to minimize its input costs while maximizing its output without compromising quality.
Boundaryless Sourcing
A business strategy that involves procuring goods or services from any supplier globally without geographical restrictions.
Outsourcing
The practice of hiring third-party vendors to perform services or produce goods that were previously handled in-house.
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