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Components of an organization's Immediate industry and competitive environment Include:
Components of an organization's Immediate industry and competitive environment Include:A . political factors.B . interest rates.C . substitute products.D . sociocultural forces.View AnswerAnswer: C Explanation: Substitute products are components of an organization’s immediate industry and competitive environment. They are products or services that can satisfy the same customer needs or...
What activity is a useful element in the change process?
What activity is a useful element in the change process?A . Creating short-term winsB . Calculating a break-even pointC . Performing a SWOT analysisD . Developing key performance indicators (KPIs)View AnswerAnswer: A Explanation: Creating short-term wins is a useful element in the change process because it helps to build momentum,...
Which machine will maximize their profit if the manufacturer anticipates market demand will be steady for 3 years and there is no residual value for any of the equipment choices?
A manufacturer has a forecasted annual demand of 1,000,000 units for a new product. They have to choose 1 of 4 new pieces of equipment to produce this product. Assume that revenue will be $10 per unit for all 4 options. Which machine will maximize their profit if the manufacturer...
Which of the following circumstances would cause a move from acceptance sampling to 100% inspection?
Which of the following circumstances would cause a move from acceptance sampling to 100% inspection?A . History shows that the quality level has been stable from lot to lot.B . The company uses one of its qualified suppliers.C . Downstream operators encounter recurring defects.D . The percent of defects is...
Which of the following planning modules considers the shortest-range planning goals?
Which of the following planning modules considers the shortest-range planning goals?A . Capacity requirementsplanning(CRP)B . Input/output analysisC . Resource planningD . Rough-cut capacity planning (RCCP)View AnswerAnswer: A Explanation: Capacity requirements planning (CRP) is a planning module that considers the shortest-range planning goals. CRP is a process of determining the amount...
