Types of Revolutionary Strategies That Can Introduce Major Disruption into an Industry

question 71

Multiple Choice

Types of revolutionary strategies that can introduce major disruption into an industry include all except ________.

• A) reconceiving a product or service
• B) reconfiguring the value chain
• C) reconsidering the market
• D) rescaling the industry

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Definitions:

Small Batch Sizes

Refers to producing goods in limited quantities, often to meet specific orders or reduce waste.

Lean Accounting System

An accounting approach that aligns with lean thinking, focusing on value creation, waste elimination, and providing transparent financial information.

Work in Process

Inventory that includes items that are in the process of being produced but are not yet complete; this term is often used interchangeably with "In Process" in manufacturing contexts.

Raw Materials Inventory

The stock of raw materials awaiting processing into finished goods.