Identify Four Key Success Factors (KSFs)that Affect Whether an Industry

question 70

Essay

Identify four key success factors (KSFs)that affect whether an industry does or does not present a company with a good business opportunity.

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Definitions:

Functional Departments

Different segments within a company specialized in certain operations or responsibilities such as finance, marketing, or R&D.

External Failure Costs

Costs that are incurred when a product or service that is defective is delivered to a customer.

Warranty

A guarantee provided by a seller or manufacturer to a buyer that a product will meet certain performance and quality standards over a specified period.

Manufacturing Cycle Efficiency (MCE)

A performance metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.