Which of the Following Is True of Imitation

question 41

Multiple Choice

Which of the following is true of imitation?

• A) It does not involve patterning a business on existing firms.
• B) It does not match the precision or completeness of copying seen in franchising.
• C) It involves the creation of new products or services which have no competitors.
• D) It results in the creation of previously unseen products or services.

Understand global disparities in climate change contributions and impacts.

Evaluate the effectiveness of supply chain design innovations on environmental sustainability.

Understanding the defining features and benefits of focusing on sustainability in the business context.

Identify strategies and actions that firms can adopt to reduce waste and increase recycling.

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Definitions:

Derived-Demand Inventory

Inventory levels that are based on the anticipated demand for finished goods, driving the demand for raw materials as well.

Anticipated Finished Goods

The forecasted amount of products that will be completed and ready for sale at the end of a production cycle.

Restocking Inventory

The process of replenishing goods or materials within a business to ensure sufficient supply for operation or sale.

Kanban System

A workflow management method for defining, managing, and improving services that deliver knowledge work, aiming to visualize work, limit work in progress, and maximize efficiency.