A Firm That Chooses to Compete Based on Delivery Speed

question 217

Multiple Choice

A firm that chooses to compete based on delivery speed and variety would most likely have:

• A) a make-to-order production and inventory strategy.
• B) an assemble-to-order production and inventory strategy.
• C) a make-to-stock production and inventory strategy.
• D) an engineer-to-order production and inventory strategy.

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Definitions:

Open-Book Management

A management approach where employees are provided with company financial information to involve them in decision-making processes.

Human Resource Information Systems

A system of databases and information management that automates processes related to the human resource management functions like payroll, recruitment, and performance evaluation.

Human Resource Planning

The process of identifying the current and future human resources needs of an organization to achieve its goals.

Reduction Strategy

Approaches businesses use to downsize, reduce costs, or streamline operations, often involving layoffs or selling off assets.