Asked by Femina Asmani on Apr 24, 2024
Verified
Companies today need to have all of the following key capabilities except __________.
A) Continuous cost reduction
B) Rapid production and delivery
C) Focused differentiation
D) Greater flexibility of operations
E) Rapid product development
Continuous Cost Reduction
An ongoing strategy in business to lower expenses through process, product, or service improvements without compromising quality or performance.
Focused Differentiation
A business strategy where a company targets a specific market segment, offering specialized products or services that uniquely meet the needs of that segment.
Rapid Product Development
A strategy aimed at accelerating the design, creation, and launch of new products to market through streamlined processes.
- Understand the importance of fast production, timely delivery, and ongoing cost minimization in contemporary enterprises.
Verified Answer
SP
Shilvi PatelApr 30, 2024
Final Answer :
C
Explanation :
While all of the listed capabilities are important for companies to remain competitive, the question asks for the capability that companies do not need. Focused differentiation is not always necessary, depending on the industry and market.
Learning Objectives
- Understand the importance of fast production, timely delivery, and ongoing cost minimization in contemporary enterprises.