Exam 2: Strategy and Sustainability

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The triple-bottom-line evaluates the firm against what three criteria?

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What is a criterion or product characteristic that differentiates a product from the products of competitors in a way meaningful to the market called?

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If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, what kind of productivity measure could you use to compute productivity?

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The social impact of the triple bottom line concept pertains to fair and beneficial business practices toward labor, the community, and the region in which a firm conducts its business.

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In development of a operations and supply chain strategy, which of the following may be an important product-specific criteria to consider?

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The job of operations and supply chain strategy is to deliver the most feature-rich, highest quality product at the lowest price within specified parameters of delivery time and customization.

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The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features, services, and technologies into its current portfolio it is called straddling.

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A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.

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By following a straddling strategy, firms can broaden their capabilities and effectively compete with more focused firms in markets requiring low cost for success.

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Various financial data for SunPath Manufacturing for 2011 & 2012 follow. Various financial data for SunPath Manufacturing for 2011 & 2012 follow.   What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2011 & 2012? What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2011 & 2012?

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Operations and supply strategy can be viewed as part of a planning process that coordinates operational goals with those of the larger organization.

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Which of the following is a multifactor measure of productivity?

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Which of the following is a total measure of productivity?

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Which of the following is a partial measure of productivity?

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Individuals or organizations that are influenced, either directly or indirectly, by the actions of the firm are called:

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Operations and supply chain strategy are not important issues to investors who tend to focus on growth, dividends and earnings per share.

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The triple bottom line considers evaluating the firm against social, economic, and environmental criteria.

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Describe a specific example of the trade-offs between any two of the competitive dimensions.

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An order winner is a set of criteria that differentiates the products or services of one firm from another.

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Within a sustainability framework, the environmental dimension of the triple bottom line concept has to do with labor, the community, and the region in which a firm conducts its business.

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