Creek Redwood, a Furniture Maker, Shrank Its Ordering and Delivery

question 22

Multiple Choice

Creek Redwood, a furniture maker, shrank its ordering and delivery team by taking most of its operations online and increased its fleet of trucks to decrease delivery time. These actions can be described as ______.

• A) a JIT system
• B) process reengineering
• C) flexible manufacturing
• D) total factor productivity

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Definitions:

Dominant Strategy

In game theory, a strategy that yields the highest payoff for a player, regardless of what strategies other players choose.

Game Theory

A field of study that models and analyzes strategic interactions among rational decision-makers.

Game Theory

A study of strategic decision making, analyzing interactions with formalized incentive structures ("games").

Strategic Choices

Decisions made by individuals or organizations that have significant long-term implications on their objectives and activities.