Answers:
Customer-driven strategies: These strategies are driven by the response of the customer, such as customer’s feedback, customer’s demand for new and innovative methods, customisation of the product etc.
Product-driven strategy: It is driven based on the product characteristics, such as the type of the product, characteristics of the product etc.
Corporate-driven operations strategy: This strategy is drafted by the executive management. All other strategies are formulated and implemented in accordance with this strategy.
Failure prevention and recovery strategy: This strategy pertains to recovering damages (either partial or complete) arising because of unforeseen circumstances. For example, the recovery strategy in case of disaster related to fire, earthquake and computer failure.
Differentiate between descriptive and inferential analysis of data
What are the advantages and disadvantages of the questionnaire method?
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