Challenge of matching supply with demand

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Reference no: EM131701931

1. Every work requires operations to do the work and/or to improve the work. True or False ?

2. A firm can increase its profitability by:

A. increasing costs and reducing price.

B. moving away from the efficient frontier.

C. increasing inefficiencies.

D. reducing inefficiencies.

3. Which of the following is NOT a challenge of matching supply with demand?

A. Delivering better products at low prices

B. Attempting to predict demand

C. Providing customers with what they want at a low cost

D. Reducing demand to match supply

4. A process with a high-level scope must have different inputs and outputs than the process viewed at a lower scope. True or False?

5 Little’s Law can be used to identify the actual time a flow unit spends in a process. True or False?

Reference no: EM131701931

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