It Is Expected That an Operations Consultant Would Be Familiar

question 25

Multiple Choice

It is expected that an operations consultant would be familiar with which of the following statistical process control tools?

• A)Linear programming
• B)Information technologies
• C)Run charts
• D)Core competencies
• E)Waiting line theory

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Definitions:

Computers

Electronic devices capable of executing programmed instructions for processing data, performing calculations, and managing information.

Test Marketing

A strategy used by companies to evaluate the viability of a new product or service in a limited geographical area before a full-scale launch.

Price Rationing

The allocation of limited goods or services using prices, where higher prices curb demand to match the supply.

Focus Group

A small, diverse group of people whose reactions are studied to gauge the response to a specific product, service, or policy.