Which of the Following Represents the Five Key Competitive Priorities

question 28

Multiple Choice

Which of the following represents the five key competitive priorities?

• A) Cost, capacity, delivery, flexibility, inventory
• B) Cost, quality, delivery, flexibility, service
• C) Cost, quality, transportation, inventory, capacity
• D) Cost, delivery, flexibility, inventory, capacity

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Definitions:

General Ledger

A comprehensive record of all financial transactions over the life of a company.

Direct Labour Time

The actual time workers spend on the production floor directly working on products or services.

Standard Costing System

An accounting method that uses standard costs for costing inventory and measuring efficiency.

Board Metres

A unit of measure used in the lumber industry to quantify the volume of wood.