Customer-Response Time (CRT) Is Usually Defined As

question 9

Multiple Choice

Customer-response time (CRT) is usually defined as:

• A) The time between when a customer places an order and the time when the order is received by the customer.
• B) The elapsed time between initial customer contact and the time a customer places an order.
• C) The time between when a customer places an order and when that order is manufactured.
• D) The time between when an order is started into production and when that order is completed.
• E) The time it takes to respond to customer inquiries.

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Definitions:

Waste

The act of using or expending resources carelessly, extravagantly, or to no purpose.

Fee Simple Absolute

The highest and most complete form of land ownership, granting the owner unlimited rights to the property.

Conditional Estate

An interest in property that is dependent on the occurrence or non-occurrence of a specified condition.

Life Estate

A legal right to use and derive benefit from property for the duration of one's life, without ownership transferring until after death.