MGT 443 exam 1 study guide | 2026 UPDATE |
QUESTIONS AND ANSWERS 100%
CORRECT
supply management - ANSWERS-the management of processes used to
identify, acquire and administer inputs to the firm
logistics management - ANSWERS-the management of the movement of
materials and information within, into, and out of the firm
strategic planning - ANSWERS-a type of planning that addresses long term
decisions that define the operations objectives and capabilities for the firm
and its partners
tactical planning - ANSWERS-a type of planning that addresses
intermediate term decisions to targets aggregate product demands and to
establish how operational capacities will be used to meet them
operational planning - ANSWERS-a type of planning that establishes short
term priorities and schedules to guide operational resource allocations
operations strategy - ANSWERS-a set of competitive priorities coupled with
supply chains structural and infrastructural design choices intended to create
capabilities that support a set for value propositions targeted to address the
needs of critucal customers
corporate strategy - ANSWERS-determines the overall mission of the firms
and the types of businesses that the firm wants to be in
, strategic business unit - ANSWERS-the semi-independent organizations
used to manage different product and market segments
business unit strategy - ANSWERS-determines how a strategic business unit
will compete
functional strategy - ANSWERS-determines how the function will support
the overall business unit strategy
operations management - ANSWERS-the management of processes used to
design, supply, produce, and deliver valuable goods and services to
customers
supply chain - ANSWERS-the global network of organizations and activities
involved in designing, transforming, consuming, and disposing of goods and
services
total product experience - ANSWERS-all the goods and services that are
combined to define a customer's complete consumption experience
process - ANSWERS-a system of activities that transforms inputs into
valuable outputs
lean operation - ANSWERS-an operation that produces max levels of
efficiency and effectiveness using minimal amount of resources
core capability - ANSWERS-a unique set of skills that confers competitive
advantages to a firm, because rival firms cannot easily duplicate them
QUESTIONS AND ANSWERS 100%
CORRECT
supply management - ANSWERS-the management of processes used to
identify, acquire and administer inputs to the firm
logistics management - ANSWERS-the management of the movement of
materials and information within, into, and out of the firm
strategic planning - ANSWERS-a type of planning that addresses long term
decisions that define the operations objectives and capabilities for the firm
and its partners
tactical planning - ANSWERS-a type of planning that addresses
intermediate term decisions to targets aggregate product demands and to
establish how operational capacities will be used to meet them
operational planning - ANSWERS-a type of planning that establishes short
term priorities and schedules to guide operational resource allocations
operations strategy - ANSWERS-a set of competitive priorities coupled with
supply chains structural and infrastructural design choices intended to create
capabilities that support a set for value propositions targeted to address the
needs of critucal customers
corporate strategy - ANSWERS-determines the overall mission of the firms
and the types of businesses that the firm wants to be in
, strategic business unit - ANSWERS-the semi-independent organizations
used to manage different product and market segments
business unit strategy - ANSWERS-determines how a strategic business unit
will compete
functional strategy - ANSWERS-determines how the function will support
the overall business unit strategy
operations management - ANSWERS-the management of processes used to
design, supply, produce, and deliver valuable goods and services to
customers
supply chain - ANSWERS-the global network of organizations and activities
involved in designing, transforming, consuming, and disposing of goods and
services
total product experience - ANSWERS-all the goods and services that are
combined to define a customer's complete consumption experience
process - ANSWERS-a system of activities that transforms inputs into
valuable outputs
lean operation - ANSWERS-an operation that produces max levels of
efficiency and effectiveness using minimal amount of resources
core capability - ANSWERS-a unique set of skills that confers competitive
advantages to a firm, because rival firms cannot easily duplicate them
