_____ Is an Underused,low-Cost Method Which Rewards Your Employees for Recommending

question 3

Multiple Choice

_____ is an underused,low-cost method which rewards your employees for recommending potential candidates that would be a great fit.

• A)Networking
• B)Employee referral
• C)Internet recruiting
• D)Outsourcing

Grasp the impact of Product Lifecycle Management (PLM) on product design and overall product development.

Analyze the pros and cons of using modular assemblies in manufacturing and their applicability to service products.

Identify and describe external product development strategies.

Recognize methods of service design that can reduce costs and enhance product value.

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Definitions:

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remain constant regardless of the level of production, such as depreciation on factory equipment or salaries of factory supervisors.

Unit Product Cost

represents the total cost to produce one unit of product, including direct materials, direct labor, and overhead.

Fixed Manufacturing Overhead

encompasses the consistent, non-varying costs of producing goods, such as factory lease or salary of supervisors, linked but differently phrased to fixed manufacturing expenses.

Outside Supplier

An external entity that provides goods or services to a company, which are not produced in-house.