Exam 2: Strategy

A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following?

Infrastructure decisions within operations strategy include the selection of the logic associated with the planning and control systems

When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called?

One of the competitive dimensions that form the competitive position of a company when planning its strategies is delivery speed.

Activity-system maps show how a company's strategy is delivered through a set of tailored activities.

Various financial data for SunPath Manufacturing for 2012 and 2013 follow. What is the percentage change in the labor partial productivity measure for SunPath between 2012 and 2013?

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.

In a firm, if the employees attend a training program, then the time to assemble one unit reduces by 10%.Training program will

An operations strategy must resist change because of the long-term nature of equipment and personnel investments.

In a multifactor measure of productivity, the numerator of the ratio would include all resources used or all inputs.

In a partial measure of productivity, the denominator of the ratio would include all resources used or all inputs.

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?

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

An order winner is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May.During both months, the shop employed six full-time (40 hours/week) workers.In April the firm also had four part-time workers working 25 hours per week, but in May there were only two part-time workers and they only worked 10 hours per week.What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?

Which of the following is a total measure of productivity?

Productivity is a relative measure.

One of the competitive dimensions that form the competitive position of a company when planning its strategies is cost.

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

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.