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1. A company can compete on cost by:
A) respond quickly to change in demand
B) immediately responding to customer needs
C) tailor products to customers
D) Producing standardized products for larger markets
2. Business competitiveness refers to the ability of an organization to sell products in a market. It can be augmented through_______________.
A) CRM software
B) excellent supply chain management
C) productivity increase
D) making output conform to customer needs
What is lean manufacturing/production and lean system across the organization.
What is the EEOC’s role in regard to business? Does the court say that the EEOC trumps the arbitration contract between the employee and the employer? If so, why? What are the pros and cons of arbitration agreements?
What percentage of batteries would you expect to fail before the warranty period expires? A competitor is offering a warranty of 30 months on its premium battery.
As I was reviewing/researching supporting data on marketing research and it is relationship to understanding marketing strategy, I came across this very interesting e-book that poses the question - Is Your marketing strategy on target?
Stoneware Pottery Company wants to determine how many bowls and mugs should be produced per day in order to maximize profit given the labor and material constraints. The unit profit value for Bowls is $40 per unit, for mugs the unit profit value is $..
A barbershop serves one customer at a time and provides four seats for waiting customers. If the place is full, customers go elsewhere. Arrivals occur according to a Poisson distribution with mean five per hour. The time to get a haircut is exponenti..
A firm has six opportunities to create global competitive advantage: adapting to local markets, capturing economies of global scale, capturing economies of global scope, optimizing the choice of locations for activities and resources, leveraging know..
Under what circumstances would you use short-range, medium-range, and long-range plans? Provide examples of each from your own experiences.
Which of the following statements concerning operating income is(are) most correct?
2. Consider an electric part with two components in series (component A and componentB). Component A has a reliability of 88%, while component B has a reliability of 94%. Itis known that if the part fails, it will cost the company $1000.a) What is t..
Suppose that the output of a bottle filling process is normally distributed with the natural variability of sigma = .10. The process center has been fixed at 10 ounces. The USL = 10.1 ounces and the LSL= 9.8 ounces. The liquid cost $0.35 per ounce an..
Describe the ownership, who has liability, who receives profit and at what proportion. Describe/List the process to register the business. What are the requirements to register this type of business? Who pays taxes? When are taxes paid? What are the ..
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