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In the ________ Method for Assessing Customer Value,customers Are Asked

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In the ________ method for assessing customer value,customers are asked how costs of using a new product compared to those of using an incumbent.


Definitions:

Average Flow Time

The average time that units spend in a production system, from arrival to departure, indicating the efficiency of the process.

Cycle Inventory

Inventory that is held to facilitate the smooth operation of a production cycle, compensating for lead times and production schedules.

Inventory Profile

A detailed outline or analysis of the types, amounts, and locations of inventory a company holds at any given time.

Graphical Plot

A visual representation of data points on a coordinate system, used to observe relationships or patterns within the data.

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