Frameworks for Cycle Time Reduction Focus on Effective Management of ___________

question 40

Multiple Choice

Frameworks for cycle time reduction focus on effective management of ___________.

• A) products
• B) services
• C) human resources
• D) All of the choices are correct

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Definitions:

Distribution Channel

is a chain of intermediaries through which a product or service passes until it reaches the end consumer.

Cost To Consumer

The total price that a consumer has to pay to acquire a product or service, including the cost of production and the markup by sellers.

Intermediary

A mediator or agent between two parties who facilitates interaction, negotiation, or transaction, often seen in financial services, trade, and distribution channels.

Ultimate Consumer

The end-user or actual buyer who uses or consumes a product or service for personal use, not for resale.