In the Long Run, an Organization Derives Its Global Competitiveness

question 67

True/False

In the long run, an organization derives its global competitiveness from its ability to bring high-quality, low-cost products to market faster than its competitors.

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Definitions:

Flexibility Strategy

An approach to operations and decision-making that emphasizes the ability to adapt to changes, respond to unpredicted demands, or capitalize on new opportunities.

Level Strategy

A business approach that maintains a steady production rate and workforce level, even during fluctuating demand periods.

Aggregate Planning

A methodology in operations management aimed at determining optimal production, workforce levels, and inventory levels, to meet forecasting demand over a medium-range period.

Plant Capacity

Plant capacity is the maximum output that a manufacturing facility can produce under normal conditions within a given time period.