_____ Is Knowledge About Your Customers, Your Competitors, Your Partners

question 154

Short Answer

_____ is knowledge about your customers, your competitors, your partners, your competitive environment, and your own internal operations.

---

Definitions:

Industrial Application

The use of technologies, practices, and theories in industrial settings for the purpose of enhancing efficiency, productivity, and the manufacturing process.

Productivity Improvement

Efforts aimed at increasing the efficiency and effectiveness of processes, resulting in higher output or better quality with the same or fewer inputs.

Learning Curve Strategy

A methodological approach that involves planning based on the understanding that people will become more efficient and make fewer mistakes as they gain experience in a particular task or process.

Learning Curves

A graphical representation that illustrates the improvement in performing a task or producing goods due to practice and increased efficiency over time.