Simply Put,a ____ Is an Array of Components That Work

question 35

Multiple Choice

Simply put,a ____ is an array of components that work together to achieve a common goal,or multiple goals,by accepting input,processing it,and producing output in an organized manner.

• A) plan
• B) process
• C) project
• D) system

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Definitions:

Demand-Influencing

Strategies or actions undertaken to affect the level of demand for a product or service, often aiming to increase it.

Excess Capacity

The situation in which a firm's production capabilities exceed the demand for its products or services.

Service Firms

Companies that primarily offer intangible products, such as expertise, assistance, or information, rather than physical goods.

Pure Chase Strategy

A demand matching or production strategy where output is adjusted to match demand precisely, reducing inventory levels to a minimum.