The ________ Discipline Created by Porter States That Firms Should

question 39

Multiple Choice

The ________ discipline created by Porter states that firms should create new, more efficient business processes that integrate the activities of all departments involved in a value chain.

• A) business process reengineering
• B) product differentiation model
• C) market differentiation model
• D) business process design

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Definitions:

Re-Order Point

A predetermined inventory level at which new stock should be ordered to replenish supplies before reaching a critically low or stock-out situation.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

ABC Analysis

A method of categorizing inventory into three classes, A, B, and C, based on their value, volume, or frequency, to prioritize management focus and resources.