Which of the Following Is NOT a Tool or Method

question 35

Multiple Choice

Which of the following is NOT a tool or method that managers can use to promote operating excellence and further the cause of good strategy execution?

• A) benchmarking
• B) business process reengineering
• C) strategic resource training
• D) TQM and Six Sigma quality control techniques
• E) best practices

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Definitions:

Production Costs

Expenses incurred in the process of creating a product or service, including materials, labor, and overhead.

Industry Size

The scale or magnitude of economic activity within a specific sector, measured by criteria such as number of firms, total employment, or total revenue.

Industry Supply Curve

A graphical representation showing the total quantity of a good that all producers in an industry are willing to supply at different prices.

Decline in Technology

A decline in technology refers to a period or situation where technological progression slows down, technologies become obsolete, or there is a decrease in the adoption of new technologies.