A company has 14 people involved in approving employee travel expenses of less than €100. The main problem is __________., red tape, A factory can manufacture 100,000 units much more cheaply per unit than 1,000. This demonstrates __________., economies of scale, Customers are buying the product, but suppliers need to be paid immediately while customers pay invoices 90 days later. The company may have a __________ problem., cash flow, One manager must personally approve every marketing campaign, and projects regularly wait two weeks for her decision. She has become a __________., bottleneck, The company spends €2 million on its headquarters while its customer-service department is seriously understaffed. This looks like poor __________., resource allocation, A business sells a product for €50. Producing and delivering it costs €48. Its __________ is dangerously small., margin, HR removes four unnecessary stages from its recruitment process. It is trying to __________ the process., streamline, A company stops running its own cleaning and catering departments and pays specialist companies to do the work. It decides to __________ these services., outsource

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