What Kind of Goal Takes Between One and Five Years

question 2

Multiple Choice

What kind of goal takes between one and five years to achieve?

• A) short-term
• B) intermediate-term
• C) long-term
• D) perpetual

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Definitions:

Intangible Product

A product, service, or offering that cannot be physically touched or seen, but can be purchased and used, such as digital goods or services.

Just-In-Time (JIT) Shipments

A logistics strategy where materials and products are delivered exactly when needed for production or sale, minimizing inventory levels and storage costs.

Moving Assembly Line

An innovation in manufacturing where products are assembled as they move along a conveyor belt, significantly improving efficiency.

Transformation Process

The conversion of inputs into outputs, thus transforming raw materials, labor, and information into products or services.