In general, the more value customers place on a firm's products:
A. the lesser the profitability of the firm.
B. the higher the competitive pressure from other firms.
C. the lesser the quality of the product.
D. the lesser the consumer surplus for those products.
E. the higher the price the firm can charge for those products.
E
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Which of the following is consistent with a chase strategy?
A) vary production levels to meet demand requirements B) vary work force to meet demand requirements C) vary production levels and work force to meet demand requirements D) little or no use of inventory to meet demand requirements E) All of the above are consistent with a chase strategy.
What learning rate is being demonstrated if the first unit takes 25 hours and the seventh unit takes 22 hours to complete?
A) Greater than or equal to 97 percent B) Less than 97 percent but greater than or equal to 96 percent C) Less than 96 percent but greater than or equal to 95 percent D) Less than 95 percent