Exam 2: Competitiveness, Strategy, and Productivity

Mission statements should be as specific as possible regarding exactly how they will be accomplished.

Competitiveness relates to the profitability of an organization in the marketplace.

As long as we match a competitor on quality and price we will gain market share.

An organization that is twice as productive as its competitor will be twice as profitable.

Productivity is defined as the ratio of output to input.

Competitiveness doesn't include:

Which of the following is not a factor that affects productivity?

Wage and salary increases that are not accompanied by productivity increases tend to exert inflationary pressures on a nation's economy.

Quality-based strategies focus on customer satisfaction by ensuring that each product is carefully and thoroughly inspected prior to delivery to prevent sending out bad product.

Which of the following is not a key step toward improving productivity?

Core competencies in organizations generally relate to:

In the past, a significant reason why U.S.productivity was the highest in the world was high:

Organizational strategy should be determined without considering the realities of functional area strengths and weaknesses since they can be changed to meet our strategy.