One Method for a Factory to Gain Operational Focus Is

question 75

Multiple Choice

One method for a factory to gain operational focus is to:

• A)build large enough factories to produce all products and services the company offers.
• B)hire more specialists and supervisors to control the operations.
• C)reorganize existing facilities to the plant-within-plant approach.
• D)remodel stores to create the effect of many small boutiques under one roof.

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Definitions:

Simple Interest

A method to calculate interest charges on a loan or investment based on the original amount (principal) and the interest rate, but the interest does not accumulate or compound.

Maturity Value

The total amount that will be received by an investor at the end of a bond's term or a deposit's duration, including both the principal and interest.

Term Deposit

A banking term for a fixed-term investment held at a financial institution where money is locked in for a certain period of time, earning a specified interest rate.

Simple Interest

Interest calculated only on the principal amount, or original sum borrowed or invested, without compounding.