The Ease of Adjusting Resources in Response to Changes in Demand

question 33

Multiple Choice

The ease of adjusting resources in response to changes in demand defines a firm's

• A)vertical integration.
• B)process flexibility.
• C)customer involvement.
• D)capital intensity.

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Definitions:

Association

The process by which the mind links ideas, objects, or sensations together in the memory or imagination.

Sappers

Military engineers who perform a variety of tasks including laying or clearing minefields, demolishing buildings, and building bridges and roads, often under combat conditions.

Zimmerman Telegram

A secret communication sent by the German Empire to Mexico in 1917, proposing a military alliance against the United States, contributing to the U.S. decision to enter World War I.

Blockade

A military strategy or action that involves surrounding a place, such as a city or country, to prevent the entry or exit of traffic and supplies, often used during war.