The __________ Approach Is Commonly Used in Both Manufacturing and Non-Manufacturing

question 32

Multiple Choice

The __________ approach is commonly used in both manufacturing and non-manufacturing companies to reduce cycle times, meet customer orders, increase quality, and add value.

• A)just-in-time
• B)first in, first out
• C)last in, first out
• D)critical

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Definitions:

Marketing Objectives

Specific goals set by a business when promoting its products or services to potential consumers that should be achieved within a given time frame.

Opportunity

A favorable situation or condition that offers the prospect of a benefit, advantage, or solution to a problem.

SWOT Analysis

A strategic planning tool that identifies Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Contingency Planning

The process of preparing for unforeseen events or emergencies by developing strategies in advance to handle and mitigate risks.