As a result of global competition,many companies ______.
A)lost their competitive edge and market share
B)realized the importance of operations strategies
C)adopted total quality management
D)all of these

Question

Quizplus · Accepted Answer

Global competition has forced companies to become more efficient and effective in their operations in order to maintain their market share. This has led to the adoption of various operations strategies such as total quality management, which focuses on continuous improvement in all aspects of the organization. Companies that fail to adopt these strategies are likely to lose their competitive edge and market share. Therefore, all of these options are the possible outcomes of global competition.

As a Result of Global Competition,many Companies ______