Processing time-work sequence and inventory

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Reference no: EM132180917

1. The actual probability of purchase of a new product is often lower than the percentage of customers who respond positively to the purchase intent survey.

2. There are three elements to standardization: processing time, work sequence, and inventory. Work sequence can be standardized in service settings.

3. Explain / summarize what entrepreneurs do and describe the five basic ways they find opportunities to create new businesses.

Reference no: EM132180917

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Processing time-work sequence and inventory : There are three elements to standardization: processing time, work sequence, and inventory. Work sequence can be standardized in service settings.

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