To respond to these cost reduction pressures, firms need to lower the costs of ____________

Fill in the blank(s) with the appropriate word(s).

Ans: value creation

Business

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A firm's formal reporting structure, its formal and informal planning and its controlling and coordinating systems are examples of which type of resources?

A) financial resources B) physical resources C) human resources D) organizational resources

Business

Business ethics consist of the fundamental ________ values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders

A) religious B) moral C) societal D) legal

Business