A firm’s process strategy is ______.
a. the strategy a firm follows to produce goods and services determined by resource availability
b. the process used to allocate resources between a conglomerate’s different businesses
c. the strategy used to facilitate the choice between rebate coupons and advertising to promote sales
d. the strategy used to be in compliance with government regulations
a. the strategy a firm follows to produce goods and services determined by resource availability
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Which statement is not true about principal components analysis (PCA)?
A) The factors are estimated based only on the common variance. B) The total variance in the data is considered. C) PCA is recommended when the primary concern is to determine the minimum number of factors that will account for maximum variance in the data for use in subsequent multivariate analysis. D) The diagonal of the correlation matrix consist of unities.
For products like pencils and paper clips, marketers should probably use an undifferentiated targeting strategy.
Answer the following statement true (T) or false (F)
Based on his 14 Points, Deming is a strong proponent of:
A) inspection at the end of the production process. B) an increase in numerical quotas to boost productivity. C) looking for the cheapest supplier. D) training and knowledge. E) all of the above.
Use the information in Table H.2. Which work element will take the longest for an average worker to perform per cycle?
A) work element 1 B) work element 2 C) work element 3 D) work element 4