The Objective of Layout Strategy Is to

question 149

Multiple Choice

The objective of layout strategy is to

• A) minimize cost
• B) develop an efficient and effective system that meets competitive requirements
• C) maximize flexibility
• D) minimize space used
• E) minimize material handling costs

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Definitions:

Marketing Concept

A business philosophy that focuses on identifying and meeting the needs and wants of customers as the key to achieving profitability.

Environmental Forces

External factors that affect a company's ability to operate, including economic, political, social, technological, and environmental issues.

Marketing Opportunities

Potential areas where a company can generate increased demand for its products or services, often leading to business growth and expansion.

Customer Value

The satisfaction a customer experiences or expects to experience by taking a given action relative to the cost of that action.