Reference no: EM13107635

1. XYZ, Inc. is making decisions and taking actions with regard to pricing, promotion, and product design of the company's products. These actions and decisions refer to XYZ's ______________ Strategy.
a. Marketing
b. Efficiency
c. Customer
d. Global
e. Quality
2. _____________costs are costs that must be incurred to produce a product regardless of the level of output.
a. Start-up
b. Fixed
c. Required
d. Variable
e. Lean
3. ____________strategies are those aimed at improving the effectiveness of a company's operations, efficiency, quality, innovation, and customer responsiveness.
a. Start-up
b. Lean
c. Corporate
d. Business
e. Functional-level
4. Which of these is designed to reduce setup times for complex equipment, increase the use of individual machines through better scheduling, improving quality control at all stages of the manufacturing process?
a. Start-up technology
b. Traditional manufacturing
c. Lean production
d. Experience curve
e. Learning effects
Part 2: True or False
5. Task complexity has no effect on the durability of learning effects.
a. True
b. False
6. Learning effects are cost savings that come from learning by doing.
a. True
b. False
7. Wake Up Coffee Company has decided to enter the coffee machine manufacturing business
for a six-month trial run. They are likely to have the same unit costs of manufacturing as the
other established competitors in this industry.
a. True
b. False
8. A typical self-managing team is comprised of - members.
a. True
b. False
9. Strong brand loyalty leads to more sales and the ability to charge high prices.
a. True
b. False
10. When a company successfully implements Six Sigma quality, maximum six percent of the units
produced will be defective.
a. True
b. False