When told to eliminate waste, what should you be looking to eliminate?
Answer(s): C
When told to eliminate waste, you should be looking to eliminate ANYTHING that is unnecessary. This can include extra process steps, bad papenrvork, or even bad quality products.
When dealing with a partner company, which of the following are risks to a partnership?I) Each partner want to be the senior leaderII) Difference in languageIII) Different operating practicesIV. Gaining direct access to a foreign market
Answer(s): D
When dealing with a partner company, the following are risks to a partnership1. Each partner wants to be the senior leader2. Difference in language3. Different operating practicesGaining access to a foreign market would be a benefit to a partnership, not a risk.
A local manufacturing company knows that its current stock turns equals 4. It also sees that a local software company has a stock turn of 22. What does this baseline say about the local manufacturing company?
Because these are two separate companies you will not be able to make a good comparison between the companies based on stock turns.
When a provider is targeting the best value for their money, the aim is to provide extra value at a good price. Which of the 5 generic competitive advantages identified by the text "Crafting and Executing Strategy" by Thompson, Strikland and Gamble would be described?
When a provider is targeting the best value for their money and the aim is to provide extra value at a good price then they are aiming for the Best Cost Provider.
A company that has a functional layout and utilizing a job shop manufacturing process should use what type of strategy focus?
A company that has a functional layout and utilizing a job shop manufacturing process should use a process focus. This would focus in on making the processes in the job shop more efficient.
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