Podcast
Questions and Answers
What does the strategy of producing and selling environment-friendly products aim to achieve?
What does the strategy of producing and selling environment-friendly products aim to achieve?
- To create shortages of goods in the market
- To avoid any changes in production plans
- To reduce pollution and waste (correct)
- To maximize profit by exploiting the environment
Which type of strategy focuses on maintaining or improving the quality of an organization's products or services?
Which type of strategy focuses on maintaining or improving the quality of an organization's products or services?
- Time-based strategies
- Order qualifiers
- Order winners
- Quality-based strategies (correct)
What is the formula for calculating productivity using multi-factor measures?
What is the formula for calculating productivity using multi-factor measures?
- Current Period Productivity - Previous Period Productivity
- output/(total inputs) (correct)
- output/(single input)
- output/Previous Period Productivity
What do Order Qualifiers represent for customers?
What do Order Qualifiers represent for customers?
Which type of strategy focuses on reducing the time needed to accomplish tasks?
Which type of strategy focuses on reducing the time needed to accomplish tasks?
What are the three critical factors in developing a business strategy?
What are the three critical factors in developing a business strategy?
What is the primary focus of an Operations Strategy?
What is the primary focus of an Operations Strategy?
When would a company most likely adopt a price or cost strategy?
When would a company most likely adopt a price or cost strategy?
What characterizes a quality strategy according to the text?
What characterizes a quality strategy according to the text?
How does competitiveness relate to meeting customer wants and needs?
How does competitiveness relate to meeting customer wants and needs?
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