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Quality Speed 14 Managing for Competitive Advantage

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Quality Speed 14 Managing for Competitive Advantage

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Questions and Answers

What are some of the purposes for which firms use the money generated by value-added?

Investment in new equipment and worker salaries

Investment in new facilities only

Research and development, worker salaries, and profits (correct)

Worker salaries, profits, and branding

How does the amount of funds available for research and development, investment, worker salaries, and profits correlate with value-added?

They increase only when value-added is low

They increase as value-added increases (correct)

They decrease as value-added increases

They are unrelated to the value-added

In operations management, what does SCM stand for?

Shipping and Cargo Management

Supply Chain Management (correct)

Service Control Management

Sales and Customer Management

Which of the following is not included in the scopes of Operations Management?

Social Media Marketing Signup and view all the answers

What is one way value can be defined in a psychological context within a firm?

Branding Signup and view all the answers

In Operations Management, what is a key aspect of assuring quality?

Implementing quality control measures Signup and view all the answers

Which department is NOT listed under 'Operations Interfaces'?

Finance Signup and view all the answers

What is one key component of Operations Management that involves deciding where to locate facilities?

Supply Chain Management (SCM) Signup and view all the answers

What is an essential function under Public Relations Operations in Operations Management?

MOTIVATING EMPLOYEES Signup and view all the answers

What is an example of an area covered by Industrial Engineering in Operations Management?

Maintenance Signup and view all the answers