The Three Components That Can Lead to Competitive Advantage Through

question 81

Multiple Choice

The three components that can lead to competitive advantage through effective scheduling are

• A) quality, dispatching, and MRP
• B) ABC analysis, MRP, and loading
• C) the item master file, the routing file, and the work-center master file
• D) lower costs, faster delivery, and dependable delivery
• E) Gantt charts, Johnson's rule and the Pareto principle

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Definitions:

Economics

Economics is the social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Experiments

Scientific procedures undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Natural Experiments

Observational study setups where the variables of interest change naturally, allowing researchers to study outcomes without direct manipulation.

Laboratory Experiments

Controlled testing environments where researchers manipulate variables to study effects in a lab setting.