The Delivery Lead Time Was Highly Variable as Was the Quality

question 7

Multiple Choice

The delivery lead time was highly variable as was the quality of the product being shipped. These two factors combined to contribute to the waste of:

• A)unnecessary transportation.
• B)unnecessary inventory.
• C)unnecessary motion.
• D)waiting.

Identify strategies for setting competitive prices and targeting the appropriate market.

Recognize the importance of the executive summary in a business plan.

Understand the role of marketing and marketing objectives in business planning.

Recognize the importance of a well-designed business plan in proactive business management.

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Definitions:

Credibility

The quality of being trusted and believed in, often considered crucial for businesses, leaders, and information sources.

Bankers

Professionals who are employed by banks, offering financial services to clients such as loans, deposits, and currency exchange.

Entrepreneurs

Individuals who initiate, manage, and take the risk of starting and running a new business venture.

Loan

is a sum of money borrowed that is expected to be paid back with interest.