Because of the Heightened Competition Resulting from Globalization, Most Companies

question 87

True/False

Because of the heightened competition resulting from globalization, most companies find little strategic value in long-range forecasts.

---

Definitions:

Process Manufacturers

Companies involved in production where raw materials are transformed through a chemical or mechanical process into a finished product.

Continuous Flow

A process in manufacturing that involves the constant movement of goods through the production system without any stoppages.

Product Costs

Costs incurred by a business to manufacture a product or acquire products for resale, including material, labor, and overhead.

Direct Materials

Raw materials that can be directly identified and easily traced to the manufacturing of finished goods.