Ideally,a Competitive Advantage Should Be

question 47

Multiple Choice

Ideally,a competitive advantage should be

• A)industry -wide.
• B)shared with partners.
• C)reproducible.
• D)short term.
• E)sustainable.

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Definitions:

Finance

The field that deals with the management of money, including the creation, management, and investment of it, across various entities like individuals, businesses, and governments.

Master Production Schedule

A detailed timetable for manufacturing, which outlines what to produce, in what quantities, and when, aligning production with demand.

Job Shop Operations

A manufacturing process structure where small batches of a variety of custom products are made.

Make-To-Order

A production strategy where products are only manufactured after receiving a customer's order, allowing for customization.