Why Is the Importance of a Production Management System Exaggerated

question 7

Multiple Choice

Why is the importance of a production management system exaggerated in the early stages of a new business?

• A)There are customers who are ready to pay exorbitant price for a newly launched product.
• B)The firm has only limited resources and strong time pressures to perform well at the outset.
• C)There are a number of suppliers who are ready to supply raw materials for a credit.
• D)The firm has to pay very high interest rate to banks and other financial institutions.

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