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:

Mean Score

The average value obtained by dividing the sum of all values in a set by the number of values in that set; used as a measure of central tendency in statistics.

Standard Deviation

A statistical measure of the dispersion or variability within a set of numerical data, indicating how much individual data points differ from the mean.

Mode

The most frequent score.

Median

The median is a measure of central tendency that divides a data set into two equal halves, representing the middle value when the data set is ordered.