Which of the Following Correctly Describes Customer-Response Time

question 114

Multiple Choice

Which of the following correctly describes customer-response time?

• A) the amount of time from when an order is ready to start on the production line to when the product or service is delivered to the customer
• B) the amount of time it takes to deliver a completed order to a customer
• C) the amount of time from when a customer places an order for a product or requests a service to when the product or service is delivered to the customer
• D) the amount of time from when an order is ready to start on the production line to when it becomes a finished good

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Definitions:

Individual Firms

Separate business entities that produce goods or provide services in an economy.

Laissez-Faire Capitalism

An economic system where private parties are free from government intervention in the production and distribution of goods and services, barring basic regulations.

Government Role

The range of activities undertaken by the government to regulate, supervise, and participate in the economy, including legislation, taxation, and public services.

Industrial Safety

The management of all operations and events within an industry, designed to protect employees and assets by minimizing hazards, risks, and accidents.