Some Basic Requirements Must Be Met for a Service Blueprint

question 66

Multiple Choice

Some basic requirements must be met for a service blueprint to be effective.Which one of the following may NOT be one of them?

• A)The blueprint must show time dimensions in diagrammatic form.
• B)The blueprint must identify and handle errors, bottlenecks, reiterations and so forth.
• C)The blueprint, based on research and experience, must precisely define how much variation from standards can be allowed in execution.
• D)The blueprint must show process dimensions in diagrammatic form.
• E)None of the above is a basic requirement.

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Definitions:

Return On Investment

A financial ratio used to evaluate the effectiveness of an investment, comparing the gain from the investment to its cost.

Minimum Required Rate

The lowest acceptable rate of return on an investment, used in capital budgeting and decision-making.

Cosmetics Division

A business unit within a company focused on the development, production, and marketing of beauty and skincare products.

Operating Assets

Assets used by a business in its daily operations to generate revenue, such as cash, inventory, equipment, and real estate, excluding investments and non-operational assets.