Fareeda's Method Improvement Objectives Are to Use an Organized Approach

question 311

Multiple Choice

Fareeda's method improvement objectives are to use an organized approach to determine how to accomplish a task with less effort in less time or at a lower cost while maintaining or improving the quality of the outcome. Frequently, methods improvement is referred to as

• A) benchmarking.
• B) work distribution.
• C) work simplification
• D) data quality improvement.

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Definitions:

Pricing Strategy

An approach businesses use to set the prices for their products or services based on market conditions, production costs, competitor prices, and company objectives.

Distribution Strategy

The plan a business uses to make its products or services available to customers, including channels, coverage, and logistics.

Product Strategy

An action plan for managing a product throughout its lifecycle, focusing on introducing, growing, and maintaining market share.

Persuading

The act of convincing someone to do or believe something through reasoning or argument.