A Company's Market Is Characterized Be Frequently Changing Product Demand

A company's market is characterized be frequently changing product demand and pressure for short lead times. The company also faces intense competition. To enhance its competitiveness, the company should stress which of the following strategies?

A) Increase the labor force
B) Increase work-in-process (WIP) inventory
C) Reduce cycle times
D) Match competitors' prices

Correct Answer:

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