Cost competitiveness Study guides, Revision notes & Summaries

MAN 4720 Quiz 1 Latest Update with Verified Solutions Which of the following could be a definition of strategic competitiveness? a. The ability of a firm to outperform its rivals by forming and executing a strategy that creates value for its stakeholders b. A solid company with predictable sales and profitability every year, delivering predictability for its shareholders c. A start-up company with an innovative new product that changes an industry d. The status of a company with th...

What are reasons that companies expand into foreign markets? - Answer-1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - Answer-take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - Answer- 1. advantages for specific value chain activities 2. strong economic conditions 3. favorab...

CTD 447 Exam #2 Questions & Answers 2024-25 Protectionism - ANSWERSuse of trade barriers to minimize imports in order to protect domestic industry * consumers bear the cost of trade protection: higher price + limited selection -agriculture, steel, & textile+apparel under relatively high levels of trade protection Free Trade - ANSWERS-the unrestricted exchange of goods among nations -the absence of artificial barriers to the free flow of goods and services What are the purposes of ...

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)...

OMIS 430 Exam 2 SELU Woosley Latest Update Graded A+ Capacity the upper limit or ceiling on the load that an operating unit can handle Capacity needs to include: 1. Equipment 2. Space 3. Employee Skills Strategic Capacity Planning Goal To achieve a match between the long-term supply capabilities of an organization and the predicted level of long-term demand Overcapacity operating costs that are too high (overtime - hire someone new) Undercapacity strained resources and poss...

What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer- 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 Competitive advantage: - Answer- requires delivering more value...

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...

CIPS LATEST UPDATE WITH COMPLETE SOLUTIONS Tender Process Determine style of tender Prepare invitation -include info so all bidders understand the need and send a suitable bid Send ITT using suitable platform Receive bids - any bids after deadline date should be disregarded. Evaluate the bids. Check they meet the required expectations, disregard bids that are incomplete or bids that are not the correct standard. Evaluate the bids against the criteria and score. Use a cross functional...

SCMN-2150-Test 1- Barry Russell Questions and Answers Graded A+ What is a supply chain? Organizations and activities involved with the flow of products from raw materials to the customer What is supply chain management? the art of managing the flow of materials and products, information, and financial resources from source to user Why is supply chain management important to companies ? helps companies outpace the competition by managing their materials, product, and information flow...

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 Competitive advantage: : requires delivering more value and satisfaction t...