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Corporate Strategy MCQs

Organizations may adopt 'time-based management' to improve efficiency. What does this approach involve?

Reducing focus on cost and quality to prioritize schedule.

Decreasing the time taken to develop, launch and manufacture a product.

Timing staff productivity to identify potential process improvements.

The use of IT-based tools to manage schedules.

Answer

Correct Answer: Decreasing the time taken to develop, launch and manufacture a product.

Explanation:

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