Companies Today Need to Have All of the Following Key

question 121

Multiple Choice

Companies today need to have all of the following key capabilities except __________.

• A) Continuous cost reduction
• B) Rapid production and delivery
• C) Focused differentiation
• D) Greater flexibility of operations
• E) Rapid product development

---

Definitions:

T-shirt

A garment for the upper body made of fabric, typically with short sleeves and a round neckline, worn as casual wear.

Variable Cost

Expenses that vary directly with the level of production or volume of operations in a business.

Period Cost

These are costs that are not directly tied to the production process and are expensed in the period in which they occur. Examples include selling, general, and administrative expenses.

Raw Materials

Basic materials used in the production process, transformed into finished goods through manufacturing or processing.