In a Machine Shop, Each Employee Might Operate a Lathe

question 73

Multiple Choice

In a machine shop, each employee might operate a lathe to bolts, and each is evaluated and rewarded on the basis on individual performance. This is an example of ______________technology.

• A)computer
• B)mediating
• C)intensive
• D)specific

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Definitions:

Subcontracting

The practice of assigning or outsourcing part of the obligations and tasks of a contract to another party, often used to leverage specialized skills or cost advantages.

Inventory

The total amount of goods or materials held in stock by a business, available for sale or use in production.

Stockouts

Occurs when a product is not available in inventory for sale or use, leading to potential loss of sales and customer dissatisfaction.

Hybrid Strategies

Business tactics that combine elements of different traditional strategies, such as cost leadership and differentiation, to achieve competitive advantage.