WGU C201 Business Acumen - Chapter 10. Full exam Review, Easy to master 2024

assembly line - -a series of workers and machines in a factory by which a succession of identical items is progressively assembled. benchmarking - -assessing how well other companies perform business functions or tasks. In other words, benchmarking is the process of determining other firms' standards and best practices. computer-aided design (CAD) - -allows engineers to design products and test prototypes on computers more quickly and efficiently than traditional drafting methods computer-aided manufacturing (CAM) - -allows a manufacturer to analyze and develop the steps needed to produce a product computer-integrated manufacturing (CIM) - -production system in which computers help workers design products, control machines, handle materials, and control the production function in an integrated fashion. critical path - -the sequence of operations that requires the longest time for completion customer-driven production - -a firm designs production schedules according to short-term forecasts of customer demands. customer-oriented layout - -Design often used by service organizations to enhance interactions between employees and customers