Use the table for the question(s) below.
-Consider an ETF that is made up of one share each of IBM,MRK,and C. The current quote for this ETF currently is $167.75 (bid)$167.85 (ask).What should you do?
Definitions:
Product-Oriented Layout
The organization of manufacturing processes around a product. Also referred to as product cells.
External Failure Costs
Expenses incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranties.
Lead Time
The period between the initiation and completion of a production process or the delivery of a service.
Value-Added Ratio
A measure of a company's efficiency, calculating the proportion of time and resources that contribute directly to customer value.
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