What Is the Continuous Process of Measuring Products,services,or Activities Against

question 3

Multiple Choice

What is the continuous process of measuring products,services,or activities against competitors' performance?

• A)benchmarking.
• B)competitive analysis.
• C)performance evaluation
• D)none of the above.

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Definitions:

Aggregate Planning

A process in operations management aimed at determining optimal production levels, inventory levels, and workforce levels, to meet predicted demand over a medium-term horizon.

Perishability Of Inventory

refers to the characteristic of goods that causes them to become unsellable after a certain period, requiring careful stock management to minimize losses.

Intangible Outputs

Results or benefits from a process, service, or product that cannot be physically touched or quantified easily, such as reputation or brand value.

Human Resource Requirements

The specific needs related to staffing, skills, and manpower necessary to complete a project or operate a business.