The ________ Created by Porter States That Firms Should Create

question 21

Multiple Choice

The ________ created by Porter states that firms should create new, more efficient business processes that integrate the activities of all departments involved in a value chain.

• A)Six Sigma methodology
• B)product differentiation model
• C)Lean Manufacturing method
• D)business process design

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Definitions:

Engineering Department

A segment within an organization responsible for applying engineering principles to design, develop, and maintain products or systems.

Product Specifications

Detailed descriptions of the technical and physical characteristics of a product, including materials, dimensions, quality, and performance standards.

Standard Price

A predetermined cost that companies use for budgeting and assessing performance, often used in cost accounting.

Direct Materials

Raw materials that can be directly traced to the production of goods, considered a variable cost.