Examlex
Companies that use big data and analytics can be helped by making information more hidden, and making sure to avoid experimentation (which can become reckless).
Maintenance
The activities involved in keeping a system’s equipment in working order.
Quick Response
A strategy aimed at reducing lead times within the production and distribution systems to improve service levels and reduce costs.
Raw Material
Basic substances or components that are processed or transformed into finished goods through manufacturing or production.
Utilizes Capacity
Utilizes Capacity refers to the extent to which an organization or system employs its available resources, such as manpower, equipment, or space, effectively.
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Q72: Strategic management involves the recognition of trade-offs