Which of the Following Contributes to the Competitive Advantage Enjoyed

question 50

Multiple Choice

Which of the following contributes to the competitive advantage enjoyed by firms using JIT/lean production?
I.Lower processing costs
II.Fewer employees
III.Fewer defectives
IV.Greater flexibility.

• A) I, II, and III only
• B) II, III, and IV only
• C) I and IV only
• D) I, III, and IV only
• E) I, II, III, and IV

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Definitions:

Specific Goals

Clearly defined, measurable, and attainable objectives set to guide actions and measure performance.

Quantitate Indicators

Measures or metrics that quantify attributes or performance, often used in research, analysis, and assessment processes.

Qualitative Goals

Objectives that focus on improving the quality of something rather than quantifiable metrics.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass a customer's expectations.