How can flowcharts and process charts be used to study and improve operations? Include descriptions of these two tools, the types of questions that can be addressed with them, and the extent to which teams can be used
What will be an ideal response?
Flowcharts trace the flow of information, customers, employees, equipment, or material through a process. Process charts record all the activities performed by a person or a machine, at a workstation, with a customer, or on materials. Answers will vary.
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The confidence interval for an average uses the standard deviation as the measure of variability
Indicate whether the statement is true or false
Which of the following is true with regard to the same for less value proposition?
A) Discount stores and "category killers" rarely use the same for less value proposition. B) The same for less value proposition is mostly offered by marketers who sell higher quality upscale products or services. C) The same for less value proposition cannot generate profits. D) Offering the same for less can be a powerful value proposition because everyone likes a good deal. E) The same for less positioning involves meeting consumers' lower performance or quality requirements at a much lower price.