Akiko Realizes the Importance of Developing a ________ for Her

question 27

Multiple Choice

Akiko realizes the importance of developing a ________ for her interior design business. Akiko understands the importance of appropriately allocating resources in order to achieve the goals of her firm.

• A) market prediction
• B) financial forecast
• C) budget
• D) cash flow analysis

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Definitions:

CAD/CAM

Stands for Computer-Aided Design/Computer-Aided Manufacturing, it's a technology used for designing products and controlling manufacturing processes.

Flexible Manufacturing Systems

Systems designed to easily adapt to changes in the product being manufactured, allowing for more efficient production processes and customization.

Production Planning

The process of organizing the elements of production—such as labor, materials, and equipment—to efficiently produce goods and services.

Customer Satisfaction

Customer satisfaction measures how well a company's products or services meet or surpass the expectations of its customers.