Define Shaping.Provide an Example.​

question 16

Essay

Define shaping.Provide an example.​

Recognize the contribution of automated work cells and centralized computer facilities in modern manufacturing.

Describe the concept of responsiveness in operations management.

Comprehend the importance of customer interaction in process analysis.

Understand the application of information technology in physical process control.

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Definitions:

Expected Earnings

The anticipated profit or income generated by an investment or a business activity in a future period.

Disadvantages

The drawbacks or unfavorable aspects associated with a particular decision, action, or strategy.

P/E Ratios

Price-to-Earnings Ratio, a valuation measure comparing the current share price of a company to its per-share earnings, indicating the dollar amount an investor can expect to invest to receive one dollar of the company's earnings.

Valuation

The process of determining the present value of an asset or a company.