Which of the Following Statements Is NOT True About World-Class

question 2

Multiple Choice

Which of the following statements is NOT true about world-class firms?

• A)World-class firms are firms that are poor in customer support.
• B)World-class firms know their market and their products.
• C)World-class firms strive continually to improve product design, manufacture, and delivery.
• D)World-class firms can compete with the best of the best in a global environment.

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Definitions:

Stockouts

Occur when an item is not available for sale or use due to insufficient stock levels, potentially leading to lost sales or production delays.

Aggregate Planning

The method of creating, examining, and upkeeping an initial, rough timetable of a company's entire operations.

Decision Variables

Variables that decision-makers control to determine the best action to take in operational and planning models.

Plant Capacity

The maximum output a manufacturing facility can produce under normal operating conditions in a specific period.