Centralized and formalized procedures allow for greater flexibility, an important factor for firms using a cost leadership strategy.

Name: Centralized and formalized procedures allow for greater flexibility, an important factor for firms using a cost leadership strategy.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

Centralized and formalized procedures typically reduce flexibility, which can be a disadvantage for firms that need to adapt quickly to changes, even though they may help in maintaining cost efficiency.

Centralized and Formalized Procedures Allow for Greater Flexibility, an Important