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A set of interdependent steps to achieve a goal is a(n) - 🧠ANSWER
✔✔Process
A sequence of organizations involved in producing and delivering a good or
service is a(n) - 🧠ANSWER ✔✔Supply Chain
Competitiveness is how effectively an organization meets the wants and
needs of _______ relative to other businesses offering similar goods or
services. - 🧠ANSWER ✔✔Customers
, Business compete on some combination of ______, delivery time and
product or service differentiation. - 🧠ANSWER ✔✔Price
To support a firm in achieving a Responsiveness strategy, the Operations
function will focus on a priority of - 🧠ANSWER ✔✔quick response
Using a cross-functional design team solves potential problems, reduces
costs, and shortens time to market. The approach is called - 🧠ANSWER
✔✔Concurrent engineering
is the design process that focuses on ease of manufacturing or assembly. -
🧠ANSWER ✔✔Design for manufacturing
What is the result of using a time series forecasting method that
distinguishes between random fluctuations and true patterns in demand
data? - 🧠ANSWER ✔✔Foreacsting accuracy is likely to increase
The key questions in the process selection task are:
(I) How will the product/service be priced?
(II) How much variety will be imposed on the process?
(III) What is the target market for the product/service?