By Tracking Component Parts as They Make Their Way Across

question 94

Multiple Choice

By tracking component parts as they make their way across the globe toward an assembly plant,_____ systems enable a firm to optimize production scheduling according to when components are expected to arrive.

• A)information
• B)financial
• C)administrative
• D)transportation

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Definitions:

Diversification

A strategy in finance and business development that involves entering into a variety of markets or developing a range of products to minimize risks.

Product Development

The process of creating, designing, and bringing a new product to market.

Market Development

Market development is a strategic effort to expand into new markets or segments, aiming to increase the customer base for a product or service.

Diversification

A strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.