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- Demand is supporting flow of information and financial transactions through the supply, production, and distribution processes. a) True b) False Building and leveraging operational capabilities to support desired competitive priorities wouldn't provide a competitive advantage. a) True b) False Value of a Loyal Customer quantifies total revenues or profits each target market customer generates over a buyer’s life cycle of: Select 2 correct answer(s) 1 Multiplying VLC by the absolute number of customers gained or lost 2 Using correlation and regression analysis 3 managers analyze data effectively and make better decisions 4 Total market value Social Factors focus on marketing of goods and services on social media platforms. a) True b) False Environmental factors are: a) Energy consumption, recycling, resource conservation activities, air…Which of the following would not be a desirable outcome from an organization’s investments inquality?a. An increase in the sales return rateb. A decrease in warranty and service-related costsc. Higher product/service selling pricesd. Reduced manufacturing costWhen performing sales mix analysis , which one of the following is false : a. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point b. Making changes to the sales mix will likely cause a change in the breakeven point c. The sales mix is usually assumed to be remain the same . d. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin e. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single product
- Core competencies describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business. * True False Part of the role of effective governance and oversight is to review performance * True False Strategy are a series of initiatives, often illustrated in reporting by case studies. * True False SWOT analysis is an important tool for auditing the overall strategic position of a business and its environment. * True False Developing a sustainability strategy is an ideal opportunity to engage internal stakeholders and colleagues across the business * True False A vision, mission and values provide the building blocks on which to reflect corporate…You are serving flank steak for an event and need 200 6-oz. servings. You get samples and do yield tests. Show all calculations! After testing you find that: Vendor A Flank Steak costs $6.00 per pound. 4 pounds- trim loss of 1.5 pounds Vendor B Flank Steak costs $7.25 per pound. 4 pounds -trim loss of 1 pound. Determine what will the serving price of the flank steak be if your food cost target is 33%?Which of the following pertains to an efficient supply chain? a. It deals with innovative products b. The product life cycle will be short c. It is worthwhile to invest in good forecasting systems d. All of the above
- Answer the following fill in the blanks type of questions using the word bank supplied: 1. ______ is short-term, fairly regular variations related to the calendar or time of day. 2. _______ is the special attributes or abilities that give an organization a competitive edge. 3. _______ are activities that provide some combination of time, location, form or psychological value. 4. _______ seasonality is expressed as a percentage of the average (or trend) amount which is then used to multiply the value of a series in order to incorporate seasonality. sustainability additive seasonality goodss ervices multiplicative trend core competenciestrue or false 9. The second-degree stochastic dominance is better than the firstdegree stochastic dominance when evaluating the highest expected utility.Consider a manufacturer of perfume who is about to expand production capacity to make a new product. Three alternative production processes are available. The following table shows the estimated profits (in $) for these processes for each of the three possible demand levels for the product. Alternatives States of Nature Low demand Moderate demand High demand A 100,000 350,000 900,000 B 150,000 400,000 700,000 C 250,000 400,000 600,000 Based on the above information, what would be the amount of regret, if alternative production process B is selected by the manufacturer and suppose that the level of demand turns out to be low?
- Read the scenario and then, using the table (if you prefer) , tell us the pros and cons for each of the options (A,B,&C) from both the customer and salesperson's perspective while considering the circumstances. Pros - Customer & Salesperson Perspective Cons - Customer & Salesperson Perspective option A Customer: Salesperson: Customer: Salesperson: Option B Customer: Salesperson: Customer: Salesperson: Option C Customer: Salesperson: Customer: Salesperson:Which of the following Strategic OM Decicion Elements do you prefer and why? Use example. Goods and services: This includes looking for ways to implement consistency in costs, quality, and resources across all business divisions. Quality Management: Be clear on the customer’s demands and then meet those expectations. Use market research to determine customer needs and batch quality assurance testing on products and services in production. Process and Capacity Design: Design strategies which support all production goals including technology and resources. A value stream map can help determine what processes are necessary and how to keep them running efficiently. Location: In developing a location strategy consider supply chain and how the location will receive supplies, the movement of goods and services internally and to customers, and the role of marketing and public relations in the location choice. Layout Design and Strategy: Consider the placement of desks, workstations, and how…Discuss the tools and techniques for quality planning stated by PMBOK (2013:235)
