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What are the three critical factors in developing a business strategy?
What are the three critical factors in developing a business strategy?
- Company size, market share, and competitive pricing
- Product innovation, social media presence, and customer testimonials
- Marketing budget, workforce diversity, and supply chain efficiency
- Business goal, understanding the market, and company strengths (correct)
Competitiveness is defined as:
Competitiveness is defined as:
- How well an organization meets customer needs compared to competitors (correct)
- The number of products a company sells
- The total revenue a business generates
- The number of employees in a company
Which of the following is NOT considered an operations strategy priority?
Which of the following is NOT considered an operations strategy priority?
- Quick response
- Maximizing shareholder returns (correct)
- Inventory management
- Product and service design
When would a company typically use a price or cost strategy?
When would a company typically use a price or cost strategy?
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What is the main focus of an operations strategy?
What is the main focus of an operations strategy?
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What is the purpose of producing and selling environment-friendly products according to the text?
What is the purpose of producing and selling environment-friendly products according to the text?
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What is the main focus of quality-based strategies mentioned in the text?
What is the main focus of quality-based strategies mentioned in the text?
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What does productivity measure according to the text?
What does productivity measure according to the text?
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What are order qualifiers, as per the text?
What are order qualifiers, as per the text?
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When are time-based strategies typically utilized?
When are time-based strategies typically utilized?
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