Customer-Response Time Is ________

question 88

Multiple Choice

Customer-response time is ________.

• A) the amount of time from when an order is ready to start on the production line to when the product or service is delivered to the customer
• B) the amount of time it takes to deliver a completed order to a customer
• C) the amount of time from when a customer places an order for a product or requests a service to when the product or service is delivered to the customer
• D) the amount of time from when an order is ready to start on the production line to when it becomes a finished good

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Definitions:

Rent-Seeking Activities

Efforts to increase one’s share of existing wealth without creating new wealth, typically through manipulation of the economic environment.

Administrative Costs

Expenses associated with the general operation of a business or organization, including salaries of non-revenue generating staff, office supplies, and utilities.

Environmental Costs

The economic costs associated with environmental damage or the degradation of natural resources, including clean-up and preventive measures.