When a firm develops a drastically simplified version of a product due to lack of purchasing power in a foreign market the process is referred to as:
(a) Forward innovation
(b) Backward innovation.
(c) Reshoring
(d) Outsourcing
(b) Backward innovation.
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Bar code readers are used to recognize patterns of handwritten or printed characters
Indicate whether the statement is true or false
Investments in business analytics systems support the balanced scorecard management process during the Link to Operations step.
Answer the following statement true (T) or false (F)
The following are steps performed in the incident management process. Which is the correct order of the steps listed?
A. identify incident, log incident, diagnose incident, resolve incident, close incident B. log incident, identify incident, diagnose incident, resolve incident, close incident C. identify incident, log incident, diagnose incident, close incident, resolve incident D. identify incident, diagnose incident, log incident, resolve incident, close incident
ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable costs per unit are tabled here. Determine the process to be selected when the production volume is 6,000 units.
A. Process A
B. Process B
C. Process C
D. cannot be determined