Small business owners start business typically to advantage

Assignment Help Operation Management

Reference no: EM132239037

1. Managers can pursue any of several strategic approaches to reduce the costs of internally performed value chain activities and improve a company's cost competitiveness by

A) outsourcing internally performed activities to those able to perform the activities at a lower cost.

B) investing in productivity-enhancing, cost-saving technological improvements.

C) acquiring suppliers, rivals, or forward channel distributors.

D) implementing the use of best practices, particularly for high-cost activities.

E) eliminating some cost-producing activities from the value chain, especially low value-added activities.

2. When compared to large businesses, small business owners start their business typically to take advantage of:

A. the caveat emptor business philosophy.

B. an innovative idea.

C. the large amounts of resources they have.

D. their ability to scan the environment better.

3. In a Quality Rating System plot points in demerits per unit are calculated in a manner like that used to calculate the average demerits per unit.

True or False

4. In collecting data for construction of trial control limits, data from assignable cause is not discarded if it falls within control limits.

True or False

5. A factory has average output of 180 units per week and a nominal capacity of 250 units per week. What is the utilization?

Reference no: EM132239037

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