A Business Focusing on Increasing the Efficiency of Its Operations

question 5

Multiple Choice

A business focusing on increasing the efficiency of its operations is more directly addressing:

• A) volume flexibility.
• B) variety.
• C) consistent quality.
• D) low-cost.

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Definitions:

Reputational

Pertains to the perception or estimation in which an individual or entity is held by the public or a specific group, impacting its standing and potential success.

Acquisition of Services

The process by which organizations contract for the procurement of non-tangible resources or services.

Supply Managers

Individuals tasked with managing and strategizing the sourcing, acquisition, and movement of materials, goods, or services for a company, ensuring efficiency and quality in the supply chain.

Standardization

The process of implementing and developing technical standards to ensure consistency, safety, and interoperability of products or services.