When Conducting a Regional Evaluation, One of the First Places

question 53

True/False

When conducting a regional evaluation, one of the first places an entrepreneur should turn for information is the U.S. Census Bureau.

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Definitions:

Flexible Manufacturing

A production approach allowing for the quick adjustment of operations and products to respond to market changes or customer demands efficiently.

Lean Production

An organized approach to reducing waste in a manufacturing system while maintaining production levels.

Value Chain Analysis

Value Chain Analysis is a process of examining the development of competitive advantage, focusing on the chain of activities involved in designing, producing, marketing, delivering, and supporting a product or service.

Effective

Achieving the desired outcome or result with optimal use of resources and time.