The Four Major Competitive Strategies Are

question 1

Multiple Choice

The four major competitive strategies are:

• A)low-cost leadership,substitute products and services,customers; and suppliers.
• B)low-cost leadership,product differentiation,focus on market niche,and customer and supplier intimacy.
• C)new market entrants,substitute products and services,customers,and suppliers.
• D)low-cost leadership,new market entrants,product differentiation,and focus on market niche.
• E)customers,suppliers,new market entrants,and substitute products.

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Definitions:

Processed Further

Processed Further describes materials or products that undergo additional manufacturing or development stages to add value before final sale.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the ratio of value-added time to the total cycle time.

Non-value-added Time

Time that does not contribute directly to the final value or quality of the product or service, often seen as a target for reduction in process improvement efforts.

Throughput Time

The elapsed time from when production is started until finished goods are shipped.