In an Attempt to Regain a Competitive Edge, U

question 221

Multiple Choice

In an attempt to regain a competitive edge, U.S. firms have

• A) reduced production costs by selecting suppliers that offer high-quality raw materials and components at reasonable prices.
• B) used green manufacturing to conserve natural resources and sustain the planet.
• C) used computer-aided and flexible manufacturing systems that allow a higher degree of customization.
• D) improved control procedures to help ensure lower manufacturing costs.
• E) done all of the above.

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Definitions:

Win-Win Strategy

A conflict resolution approach where all parties gain or benefit in some way from the outcome.

Creativity Issue

Challenges related to generating original and innovative ideas or solutions.

New Concept

An original idea, approach, or innovation that has not been previously thought of or implemented.

Csikszentmihalyi

A psychologist best known for his theory of flow, a state in which people are so involved in an activity that nothing else seems to matter.