By Understanding Its Core Values, an Organization Can Take Steps

question 110

Multiple Choice

By understanding its core values, an organization can take steps to define its __________, a statement of the organization's function in society that identifies its customers, markets, products, and technologies.

• A)customer value proposition
• B)doctrine
• C)philosophy
• D)mission
• E)code of ethics

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Definitions:

Fill Rate

The percentage of customer demand that is met without backorders or delays, indicating the efficiency of inventory management.

Forecast Uncertainty

The degree of unpredictability in predicting future events, often related to demand, supply, or other market factors.

Customer Demand Data

Customer demand data encompasses information about customer preferences, purchase history, and demand forecasts that inform production and stocking decisions.

Manufacturer-Driven Substitution

A process where manufacturers suggest or implement alternative products or components to fulfill customer needs, often due to supply constraints or to offer a better value.