_____ Are Changes in an Organization's Production Process,including Its Knowledge

question 23

Multiple Choice

_____ are changes in an organization's production process,including its knowledge and skill base,that enable distinctive competence.

• A)Strategy and structure innovations
• B)Product and service innovations
• C)Technology innovations
• D)Culture innovations

---

Definitions:

Cost Savings

The reduction in expenses achieved through efficient management, negotiation, process improvements, or other means, contributing to increased profitability.

Cost Reductions

Efforts made to lower operating expenses and production costs without compromising quality or performance.

Cost Avoidance

Involves actions taken to prevent or reduce potential increases in costs, helping to control future expenses without necessarily resulting in immediate savings.

Process Cost Savings

Process cost savings refer to reducing expenses involved in the operations of a business or production process, often achieved through efficiency improvements or negotiation.