The Process Strategy That Is Organized Around Processes to Facilitate

question 182

Short Answer

The process strategy that is organized around processes to facilitate low-volume, high-variety processes is called a(n) ________.

---

Definitions:

Value Added

The increase in worth of a product or service as a result of a particular stage of production or as it moves through the supply chain.

Marginal Product

The increase in output resulting from a one-unit increase in the amount of a single input used, keeping all other inputs constant.

Premium

A premium is the amount paid for an insurance policy, representing the price for the insurance coverage or the amount over the nominal value of something.

Advanced Degrees

Educational certifications beyond the undergraduate level, including master's, doctoral, and professional degrees.