The total time required by a company to deliver a finished product that satisfies customers' needs is referred to as the:
A) product lead time.
B) time signature.
C) standard time.
D) cycle time.

Question

Quizplus · Accepted Answer

Product lead time refers to the total time required by a company to deliver a finished product that satisfies customers' needs. This includes everything from order processing to production, packaging, and shipping. Standard time refers to the time required to complete a specific task or operation, while cycle time refers to the time required to complete a single process or cycle. Time signature is a musical term and not applicable in this context.

The Total Time Required by a Company to Deliver a Finished