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:

General Partnership

A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.

General Partnership

A form of partnership where all partners share unlimited liability for the business's debts and obligations.

Profits

The financial surplus remaining after all expenses, including taxes and operating costs, have been deducted from total revenue.

Management Responsibilities

The duties and obligations that managers have to oversee and guide their organization effectively.