Manufacturing Firms Should Typically Aim at Lowering the Costs of Value

question 73

Multiple Choice

Manufacturing firms should typically aim at lowering the costs of value creation by

• A) decreasing inventory turnover.
• B) stocking huge amounts of inventory.
• C) lowering the quality of products.
• D) increasing after-sales services cost.
• E) reducing production costs.

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Definitions:

Items

Objects, products, or goods that are listed or mentioned, typically in the context of shopping, inventory, or collections.

Gauge Copper

A measurement of the thickness or diameter of copper wire, indicating its current-carrying capacity.

Electrical Contractor

A business or individual specializing in designing, installing, and maintaining electrical systems in buildings.

Cash Receipts

The collection of money, including coins, currency, checks, and electronic transfers, received by a business.