The Group of Firms and Set of Techniques and Approaches

question 83

Multiple Choice

The group of firms and set of techniques and approaches firms use to make and deliver a given set of goods and services is commonly referred to as a(n) :

• A)value chain.
• B)demand optimization.
• C)inventory control.
• D)demand chain.
• E)supply chain.

---

Definitions:

Stations Needed

The number of specific work or service points required to complete a task or process.

Computerized Diagnostic

The use of computer systems and software to identify defects or problems in machinery or electronic devices.

Standard Times

Set durations established for completing specific tasks, often used in manufacturing and labor planning.

Hybrid Automobiles

Vehicles that use a combination of at least one electric motor alongside an internal combustion engine to propel the vehicle.