One of the Two Most Important Features of Time-Based Competition

question 56

Multiple Choice

One of the two most important features of time-based competition involves ___________________.

• A)advertising on the Internet
• B)stopwatch time studies
• C)setting time standards for task performance
• D)instantaneous access to inventory information
• E)developing new products and services faster than the competition

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Definitions:

Departmentation

The process of dividing an organization into specialized units or departments for efficiency and effectiveness.

Departmentation

The process of dividing an organization into distinct departments, allowing for specialized functions and management.

Configurations

Arrangements or sets of components or elements that are organized in a particular manner or structure.

Task Environment

Comprises the immediate external factors and entities that directly affect an organization's operations, including suppliers, customers, competitors, and regulatory agencies.