Which One of the Following Is an Example of a Strategic

question 323

Multiple Choice

Which one of the following is an example of a strategic option?

• A) Opening a new store with a totally new retail design concept to determine if the plan will be well received by consumers.
• B) Halting production for one week due to slower than expected sales.
• C) Stopping a five-year project after six months due to a lack of consumer demand.
• D) Deciding to only open 5 new retail outlets instead of the 10 outlets that were planned.
• E) Deciding to change the manufacturing process half way through a project.

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Definitions:

Arrival Or Inputs

In operations research and systems management, refers to the entities that enter into a system or process for processing or service.

Queue Discipline

The rule or policy used to determine the order in which members of a queue are served or processed.

Queuing System's Performance

Evaluation of how effectively a queuing system manages the flow of items or individuals requiring service, based on metrics such as wait times and service efficiency.

Average Queue Length

The average number of items or people waiting in line over a specified period of time, used in analyzing the efficiency of service systems.