Which of the Following Is the Term That Describes the Period

question 115

Multiple Choice

Which of the following is the term that describes the period that elapses from the moment a customer places an order for a product or requests service to the moment the firm delivers the product or service to the customer?

• A)throughput time.
• B)customer response time.
• C)order fulfillment time.
• D)delivery time.

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Definitions:

Nonunionized

Workplaces or workers that are not part of a labor union or trade union.

Equilibrium Wage

The pay rate where the amount of labor available matches the amount of work needed.

Production Workers

Individuals directly involved in the manufacturing or creation of a product, working on the production line or within the production area.

Labor Demand

The sum of employees that businesses are ready and capable of employing at a specific pay rate during a given timeframe.