Developing a Business Strategy Quiz
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Questions and Answers

What is the main purpose of producing and selling environment-friendly products according to the text?

  • To increase competition
  • To maximize profits
  • To reduce pollution and waste (correct)
  • To save on production costs

What is the purpose of a flexible response strategy in the context of the text?

  • To avoid shortages of goods in the market (correct)
  • To minimize environmental impact
  • To maximize competition with other companies
  • To make necessary changes in production plans

What are 'Order qualifiers' in the context of types of operations strategy?

  • Characteristics that make products superior to the competition
  • Characteristics perceived as minimum standards for purchase (correct)
  • Characteristics focusing on cost reduction
  • Characteristics related to eco-friendliness

What does 'Quality-based strategies' focus on according to the text?

<p>Maintaining or improving product quality (B)</p> Signup and view all the answers

What does 'Productivity Growth' measure according to the text?

<p>Current period productivity compared to previous period productivity (B)</p> Signup and view all the answers

What is the focus of developing a business strategy?

<p>Understanding the market (A)</p> Signup and view all the answers

In the context of operations strategy, what is the purpose of competitive priorities?

<p>Service and service quality (C)</p> Signup and view all the answers

Under which competitive priority does a company sell its product at a very low price?

<p>Price or cost strategy (A)</p> Signup and view all the answers

When does an operations strategy get developed?

<p>After the business strategy (C)</p> Signup and view all the answers

What type of customers are attracted by a quality strategy in operations?

<p>Customers who prefer top quality products (C)</p> Signup and view all the answers

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