Requirements for Quick Organizational Response to a Turbulent Environment Are

question 40

Multiple Choice

Requirements for quick organizational response to a turbulent environment are

• A)flexible manufacturing systems and a good 'gut' feel for customer trends.
• B)excellent resources and capabilities.
• C)short product launch cycle times and excellent quality control.
• D)quick, accurate information, and short product launch cycle times.

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Definitions:

Fixed Costs

Overheads that are unaffected by changes in production or sales quantities, encompassing rent, employee salaries, and insurance payments.

Average Total Cost Curves

Average Total Cost Curves represent the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Plant Size

Refers to the scale of operations or production capacity of a manufacturing facility or factory.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing companies to adjust all inputs.