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Answer the following questions using the information below:
Riter Corporation manufactures water toys.It plans to grow by producing high-quality water toys at a low cost that are delivered in a timely manner.There are a number of other manufacturers who produce similar water toys.Riter believes that continuously improving its manufacturing processes are critical to implementing its strategy.
-To execute the company strategy, measures on the balanced scorecard would most likely include the
Diagnostic Software
Computer programs designed to identify and help solve problems within a hardware or software system.
Spare Parts
Components kept on hand for the purpose of repairing or maintaining machines or vehicles.
Third Parties
Entities or individuals that are not directly involved in a transaction or agreement but may be affected by or have an interest in its outcome.
Arbitraging
The practice of buying a good in one market at a lower price and selling it in another market at a higher price to profit from the price difference.
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