A number of terms are listed below: Required: Choose the term or terms from the above list

Question:

A number of terms are listed below:

A number of terms are listed below: Choose the term or terms fro

Required:
Choose the term or terms from the above list that most appropriately completes each of the following statements:
1. A(n) ____________ is a game plan that enables a company to attract customers by distinguishing itself from competitors.
2. ____________ is a method that relies on customer feedback and objective data gathering and analysis techniques to drive process improvement.
3. A(n) ____________ is a series of steps that are followed to carry out some task in a business.
4. The system by which a company is directed and controlled is called ____________.
5. The process used by a company to help identify the risks that it faces and to develop responses to those risks so that the company is reasonably assured of meeting its goals is known as ____________.
6. A production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand is known as____________.
7. The ____________fuels the globalization phenomenon by providing companies with greater access to geographically dispersed customers, employees, and suppliers.
8. A(n) ____________ is anything that prevents an organization or individual from getting more of what it wants.
9. Increasing the rate of output of a(n) ____________ as the result of an improvement effort is unlikely to have much effect on profits.
10. A(n) ____________ consists of business functions that add value to a company's products and services such as research and development, product design, manufacturing, marketing, distribution, and customer service.
11. A(n) ____________integrates data from across an organization into a single centralized database that enables all employees to access a common set of data.
12. A management approach that coordinates business processes across companies to better serve end consumers is known as ____________.
13. The ____________ is a five-step management approach that organizes resources around the flow of business processes and that ____________units through those processes in response to customer orders.
14. A company can only succeed if it creates a reason for customers to choose it over a competitor; in short, a ____________.
15. A(n) ____________ is a detailed plan for the future, usually expressed in formal quantitative terms.
16. A(n) ____________ consumes resources but does not add value for which customers are willing to pay.
17. The management approach that emphasizes the importance of managing constraints is known as the ____________.