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Management · Q73

Management Accounting

Graduate and Post Graduate · Management · question 73

Q73

Time a company takes until a good is produced after order placement is known as

A.
manufacturing lead time
Answer
B.
manufacturing cycle efficiency
C.
customer response time
D.
system process time

Answer: Option A

Solution

Answer: Option A
Solution:
Time a company takes until a good is produced after order placement is known as manufacturing lead time. The manufacturing lead time is the time period between the placement of an order and the shipment of the completed order to the customer.