In the Manufacturing Strategy Paradigm Developed in the 1970's,which of the Following

question 39

Multiple Choice

In the manufacturing strategy paradigm developed in the 1970's,which of the following are suggested?

• A)Manufacturing can be a competitive weapon by excelling on all performance measures
• B)Manufacturing should focus on a limited set of tasks
• C)Management should create a highly flexible factory
• D)Manufacturing facilities can achieve the lowest possible cost
• E)Manufacturing management is best done by people with engineering degrees

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Definitions:

Corporate Form

A legal structure chosen by a business that treats the business as a separate legal entity capable of holding assets, incurring liabilities, and being taxed.

Financial Markets

Financial markets are platforms or systems that facilitate the buying, selling, and trading of financial securities, commodities, and other fungible items of value among various participants.

Money Markets

The section of the financial market in which financial instruments with high liquidity and very short maturities are traded, serving the need for short-term borrowing or lending.

T-Bills

Short-term government securities issued at a discount from the face value and maturing at par, typically used as a low-risk investment.