ABC Is Engaged in ______ Since the Firm Assesses Customer

question 181

Multiple Choice

ABC is engaged in ______ since the firm assesses customer demands to make a connection between the products that are manufactured and the products that people want to buy.

• A) mass production
• B) flexible production
• C) just-in-time production
• D) customer-driven production

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Definitions:

Evaluate

To calculate or ascertain the numerical value or result of an expression or function.

Properties

The fundamental rules and characteristics that define mathematical operations, such as commutative, associative, and distributive properties.

Logarithms

The inverse operation to exponentiation, indicating the power to which a base number must be raised to obtain another number.

Approximate

To approximate means to find a value or answer that is close to the exact one, but not exactly it, often used when an exact solution is not necessary or possible.