If Differentiation Is About Creating Uniqueness, Then Establishing Differentiation Requires

question 41

Multiple Choice

If differentiation is about creating uniqueness, then establishing differentiation requires:

• A)Good industry knowledge
• B)Creativity
• C)A long time
• D)Awareness of a firm's existing capabilities

---

Definitions:

Actual Setup

The real, observed setup time required to prepare equipment, machinery, or systems for a production run, including adjustments and calibrations.

Continuous Problem Solving

A relentless, ongoing process of identifying, assessing, and addressing issues and problems as they arise in real-time.

Throughput

The rate at which a system generates goods or services over a certain period of time.

Reduced Inventory

Reduced inventory involves minimizing the amount of goods or materials held in stock to lower costs, reduce waste, and increase efficiency in production and distribution processes.