A Competitive Action Is a Strategic or Tactical Action Taken

question 90

True/False

A competitive action is a strategic or tactical action taken by a firm to gain or defend a competitive advantage or improve its market position.

---

Definitions:

Work In Process

Inventory or products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.

Just-In-Time (JIT) Scheduling

Minimises inventory by routing materials to workstations ‘just in time’ to be used.

Timely Basis

Performing or completing tasks within an appropriate or specified period to achieve desired outcomes.

Workstation

A specific area equipped with the necessary tools and technology for an individual to perform their job tasks.