Give an example of a company that utilizes a market focused strategy and explain how
What will be an ideal response?
Rentokil Initial – provides a large range of services due to outsourcing trend.
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Post audits ensure that resources are used wisely by evaluating profitability
Indicate whether the statement is true or false
The Western saying “If it ain’t broke, don’t fix it” is the antithesis of ______.
A. jidoka B. heijunka C. kaizen D. poka yoke
Answer the following statements true (T) or false (F)
1. In Great Britain, collective bargaining has traditionally occurred only when both management and labor voluntarily agree to engage in negotiations. 2. Voluntarism is an institutionalized system of employee voice in which employees are entitled to participate in workplace decision-making. 3. In Great Britain, collective bargaining agreements are not legally binding. 4. The Trades Disputes Act of Great Britain gives labor unions immunity from lawsuits over breach of contract and striking. 5. Labor legislation passed by Margaret Thatcher during the 1980s resembled many of the provisions included in the Taft-Hartley and Landrum-Griffin Acts passed in the U.S. 20 to 30 years earlier.
The set of financial activities that support the OPERATIONS of a business is best described by which main area of finance?
A) Corporate finance B) Investments C) Financial institutions and markets D) International finance