Home-based Business vs Retail Space Quiz

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What is the main difference between discrete and non-discrete products?

Discrete products are distinct individual items, while non-discrete products are continuous like rolls of paper.

What type of facility produces high volume and low variety?

A product-focused facility.

What is the main characteristic of mass customization?

Rapid, low-cost production of goods and services that fulfill unique customer desires.

What do operations managers need to do to build agile processes for mass customization?

Make imaginative and aggressive use of organizational resources. Signup and view all the answers

How can Process Analysis and Design Tools help operations managers?

To understand the complexities of process design and redesign. Signup and view all the answers

What is a Flow Diagram used for in operations management?

To analyze the movement of people or material. Signup and view all the answers

What is a process strategy?

An organization's approach to transform resources into goods and services. Signup and view all the answers

Why is the process strategy decision so crucial for operations managers?

The process selected affects efficiency, production, flexibility, cost, and quality of goods produced. Signup and view all the answers

What are the four process strategies mentioned in the text?

Process focus, Repetitive focus, Product focus, Mass customization focus. Signup and view all the answers

What is the focus of process focus strategy?

Making low-volume, high-variety products in job shops. Signup and view all the answers

Give an example of a process focus in a factory.

Departments devoted to welding, grinding, and painting. Signup and view all the answers

How are process-focused facilities in an office organized?

Around activities like accounts payable, sales, and payroll. Signup and view all the answers

What is the main purpose of a mapping service in relation to business transactions?

To allow identification and tracking of transaction locations Signup and view all the answers

What process does a mapping service rely on to transform a conceptual location to its coordinates?

Geocoding Signup and view all the answers

What are the types of locations that can be selected for business activities?

Home, retail, mobile, commercial, industrial Signup and view all the answers

Why should businesses consider different types of locations before making a final decision?

To match the location with the type of business and explore creative space applications Signup and view all the answers

What is a common feature of business parks and office buildings to attract tenants?

Having retail space Signup and view all the answers

What is a benefit of starting a business at a home-based location?

Trendy and cost-effective for entrepreneurs Signup and view all the answers

What is the main purpose of a geocoding service?

To map places to their location coordinates. Signup and view all the answers

What is reverse geocoding?

Providing the nearest address or point of interest given latitude and longitude coordinates. Signup and view all the answers

How does address cleansing and standardization help?

It ensures that records meet published standards for postal addressing. Signup and view all the answers

What is the purpose of geographic data enrichment?

To combine location information with auxiliary data sets for various business needs. Signup and view all the answers

What kind of information can be added to cleansed addresses through geographic data enrichment?

Address corrections, demographic data imports, psychographic data imports, and household data. Signup and view all the answers

How does a geocoding service go beyond simple address mapping?

By mapping airport or railroad station codes, named points of interest, street intersections, and analyzing text for place names descriptions. Signup and view all the answers

Where can you run a home-based business?

Spare bedroom, basement, attic, kitchen table Signup and view all the answers

What are some locations where retail space can be found?

Enclosed malls, strip shopping centers, free-standing buildings, downtown shopping districts, mixed-use facilities, airports, transportation facilities, hotel lobbies, sports stadiums, temporary or special event venues Signup and view all the answers

What is the ideal location for a mobile business?

Car, van, truck Signup and view all the answers

What kind of businesses can benefit from commercial office space?

Businesses not requiring significant pedestrian or automobile traffic for sales Signup and view all the answers

What are some examples of temporary event venues mentioned for retail space?

Sports stadiums, special event venues Signup and view all the answers

Where can you find commercial office space?

Downtown business districts, business parks, suburban retail facilities Signup and view all the answers