A ___________ Environment Affords the Opportunity to Combine Large Amounts

question 3

Multiple Choice

A ___________ environment affords the opportunity to combine large amounts of information and then use __________ techniques to learn more about current and potential customers.

• A) One-to-one; strategic partnerships
• B) Customer loyalty; delivery
• C) Data warehouse; data mining
• D) Just-in-time data; efficient customer response ECR)
• E) Preferred supplier; Total quality management TQM)

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Definitions:

Lean Production Process

A methodology aimed at minimizing waste and maximizing productivity in the manufacturing sector without sacrificing quality.

Cross-Trained

Cross-trained refers to individuals who have been trained in multiple skills or job functions, allowing for greater flexibility in staffing and operations.

Direct Labor

The labor costs directly associated with the production of goods or services.

Process Costing

A method of costing used primarily in manufacturing where costs are allocated to batches or production runs, making it easier to determine the cost per unit.