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To Reduce the Amount of Time It Takes to Apply

question 56

Multiple Choice

To reduce the amount of time it takes to apply packaging to its finished products, North Star Foods is implementing new equipment at its production plants. By doing this, North Star is addressing a ________ in the value chain analysis.


Definitions:

Management By Objectives

A management model that involves setting specific objectives that are mutually agreed upon by employees and management.

Productivity

Refers to the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Planning Process

A series of steps followed to create strategies, allocate resources, and implement actions to achieve goals.

Participatory Planning

An approach to planning which involves stakeholders or community members in the decision-making process to better meet their needs and ensure more effective outcomes.

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