Some relatively recent ideas regarding cost reduction include:
A)Reengineering, outsourcing, and organization delayering
B)Innovation, delayering, and outsourcing
C)Outsourcing, reengineering, and organizational structure
D)Reengineering, organizational culture, and innovation

Question

Quizplus · Accepted Answer

Reengineering involves radical redesign of business processes to achieve cost savings while outsourcing allows companies to delegate specific tasks to external providers who can offer lower labor costs. Organization delayering involves streamlining the organization by reducing the number of management layers, which eliminates redundant positions and reduces the overall cost of management. These ideas have been widely used in recent years to reduce costs and improve efficiency. Option B, C, and D also include some relevant ideas, but A covers the most effective and widely used strategies for cost reduction.

Some Relatively Recent Ideas Regarding Cost Reduction Include