Designing a Car Is Expensive and Time-Consuming Even with the Use

question 260

Multiple Choice

Designing a car is expensive and time-consuming even with the use of computers because until recently,there was no way for all the varied departments that are involved in new car development to work together.Mercedes-Benz created a unique central web-based system that cuts the design and production process by at least two years,thus providing customer value.This is an example of a(n)

• A) point of difference.
• B) innovation-oriented mission.
• C) action program.
• D) operational goal implementation.
• E) competency.

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Definitions:

Product Demand

The desire and willingness of a consumer to purchase a specific quantity of a product at a given price.

Supply Increases

A situation where the quantity of a good or service that producers are willing to offer for sale rises.

Flex Time

An arrangement that allows employees to alter their start and finish times, provided that the total work hours remain constant.

Wages

Payments made to workers for their labor, typically based on hours worked or the amount of output produced.