Decisions That Are Not Strategic Decisions Can Be Classified As

question 1

Multiple Choice

Decisions that are not Strategic Decisions can be classified as:

• A) long-term decisions.
• B) administrative decisions.
• C) positioning decisions
• D) high-risk decisions.

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Definitions:

Value-Added Activity

An activity that is needed to meet customer requirements.

Preventive Maintenance

Preventive maintenance involves regularly scheduled inspections, service, and repairs of equipment and facilities to prevent unexpected breakdowns and extend their useful life.

Value-Added

The enhancement added to a product or service by a company before offering it to customers, representing the difference between the cost of inputs and the value of outputs.

Lean Principles

A management philosophy focused on minimizing waste within manufacturing systems while simultaneously maximizing productivity.