Cost competitiveness Study guides, Class notes & Summaries

Advanced manufacturing does NOT serve the transportation, communications, or medical industries. Is this statement TRUE or FALSE? - Answer- False Many of the products that we eat and drink are advanced manufactured products. Is this statement TRUE or FALSE? - Answer- True __________ is the process of converting raw materials into finished goods. - Answer- Manufacturing A system that combines advanced technologies to make customized products for less money and high quality is called ____...

MGMT 449 Chapters 1-8 TEST BANK Crafting and Executing Strategy 22nd Edition by Thompson. Chapter 1 What Is Strategy and Why Is It Important? 1) Managerial considerations in determining how to compete successfully do not normally include A) How can a company attract, keep, and please customers? B) How can a company modify its entire product line to emphasize its internal service attributes? C) How should a company respond to changing economic and market conditions? D) How should a company...

(Combined) ISDS Exam 2 Chapter 8, Quiz reviews, Quiz 2, OMIS 430 Test 3, Supply Chain Exam 2 (Chapter 8), ISDS 3115 Chapter 9, 353 Final, Chapter 1: Introduction to Operations Management, Chapter 2: Introduction to Processes, Database Management Midterm, All With Complete Verified Solutions 2023/2024 FedEx chose Memphis, Tennessee, for its central location, or "hub," primarily because of the incentives offered by the city of Memphis and the state of Tennessee. False (Global company profile...

SCMN 2150 Brian Gibson test 1 Questions and Answers Already Passed What is Supply Chain Management? the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competi...

Which one of the following is NOT a way to improve the P/Q rating of a company's brand of multi-featured cameras - Correct answer-Increasing the number of models in the company's line of multi-featured cameras. Assume a company's Income Statement for a given quarter is as follows: Sales Revenues (50,000), Production Costs (26,500), Delivery Costs (1,600), Marketing Costs (8,500), Administrative Expenses (2,000), Operating Profit (14,400), Net Interest (750), Income Before Taxes (13,650)...

Logistics Management - ANSWERis the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management - ANSWERthe management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole C...

WGU - C483 Principles of Management Conceptual and Decision Skills Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members Controlling The management function of monitoring performance and making needed changes Cost Competitiveness Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers Emotional Intelligence The skills of understanding yourself, managing yourself, and deal...

Strategic Competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy Strategy - integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - returns in excess of what an investor e...

What is building commissioning? - Answer- The process of inspecting, testing, starting up, and adjusting building systems and then verifying that the systems are operating as intended and that they meet the design criteria. How does an independent furniture rep differ from a manufacturer's rep? - Answer- This type of furniture rep is self-employed and may represent more than one manufacturer. What type of schedule is this? It is a bunch of circles with numbers in it pointing to each other...

The factors that affect a company's P/Q rating for UAV drones include the assembly quality incentives paid to drone PAT members, the company's prior-year brand reputation, and the prior year worldwide average warranty claim rate on the company's drones. Which of the following ARE components of the compensation package for members of production assembly teams? The dollar-cost of a PAT member's fringe benefit package, assembly quality incentives ($ per unit assembled divided equally a...