Hiring People Who Are Learning-Oriented,and Who Have Good Networking Skills

question 18

Multiple Choice

Hiring people who are learning-oriented,and who have good networking skills would support a ________ competitive advantage.

• A)product leadership
• B)operational excellence
• C)customer intimacy
• D)training and development

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Definitions:

Centralized Inventory

A management approach where all stock is kept in a single location, facilitating easier inventory control and management.

Decentralized Inventory

An inventory management strategy where stock is kept in multiple locations to reduce delivery times and increase service levels.

Facility Layout

The arrangement of physical elements in a factory or workspace to optimize operations, including machinery, equipment, and staff.

Space Versus Equipment

The trade-off or balance between the physical area available for operations and the machinery or equipment required to produce goods or services.