The first unit of a product took 80 work days. The learning curve is estimated to be 90%. The time for the fourth unit will be about ________ work days and the time for the first four units will be about ________ work days. (Use Table E.3)
A) 51; 250
B) 250; 51
C) 65; 285
D) 51; cannot be determined
E) 65; cannot be determined
C
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When a company calculates ________, the company looks at how much profit it expects to make from a particular customer, including each purchase he will make from the company now and in the future
A) customer lifetime value B) customer relationship management C) utility D) the exchange function E) the marketing mix
The sorting process enables manufacturers to _____
a. increase their power in the channel of distribution b. specialize in one item or product line c. fulfill government grading requirements d. limit product distribution to the most profitable geographic areas
Which of the following measures the proportion of items in a sample that are defective?
A) PERT charts B) X-bar charts C) C-charts D) P-charts
A simple way of defining lean thinking is "getting more done with less."
a. True b. False Indicate whether the statement is true or false