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Pricing Schools Business

Features Pricing Schools Business

12 Questions

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Competitiveness and Vision in Business

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Questions and Answers

What is the formula for labor productivity?

Dollar value of output per kilowatt-hour

Dollar value of output per dollar input

Units of output per labor hour (correct)

Units of output per machine hour

Which sector is mentioned as difficult to measure and manage in terms of productivity?

Manufacturing Sector

Service Sector (correct)

Construction Sector

Agricultural Sector

What does capital productivity measure?

Dollar value of output per dollar input (correct)

Dollar value of output per kilowatt-hour

Units of output per labor hour

Units of output per machine hour

Which factor is used for planning workforce requirements according to the text?

Quality (D) Signup and view all the answers

What is a measure used for scheduling equipment?

Units of output per shift (C) Signup and view all the answers

Which example is given as part of the Service Sector activities?

Medical diagnoses (B) Signup and view all the answers

What does competitiveness refer to in an organization?

How effectively an organization meets customer needs compared to others offering similar products/services (D) Signup and view all the answers

What is a crucial area of competitiveness related to operations management?

Supply chain management (A) Signup and view all the answers

What is the primary purpose of a mission statement?

Answering 'What business are we in?' (B) Signup and view all the answers

Which of the following is NOT considered a competitive priority in operations strategy?

Innovation (B) Signup and view all the answers

How can the internet impact an organization's competitive advantages?

Enhance existing competitive advantages (D) Signup and view all the answers

'Quick response' is an important aspect of competitiveness. What does it relate to?

Speed in responding to customer queries or issues (B) Signup and view all the answers