What Point Identifies the Time at Which Demand for a New

question 33

Multiple Choice

What point identifies the time at which demand for a new product or service suddenly collapses?

• A) Diffusion point
• B) S- curve inflexion
• C) Tipping point
• D) Tripping point

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Definitions:

Just-In-Time

A lean manufacturing strategy aimed at reducing inventory and carrying costs by producing or procuring goods only as needed.

Assembly Line

A manufacturing process where a product is assembled step by step in a sequential manner, moving from one workstation to the next.

Operations Management

The area of management concerned with designing, overseeing, and controlling the process of production and redesigning business operations in the production of goods or services.

Productive Enterprise

A business or organization effective in producing goods or services at a high yield.