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Ucf Mar3203 Exam 1 Questions And Answers

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UCF MAR3203 EXAM 1 QUESTIONS AND ANSWERS

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UCF MAR3203 EXAM 1 QUESTIONS
AND ANSWERS

Operation Management - Correct Answers -uses resources to appropriately create
outputs that fulfill defined markets requirements

Supply Chain - Correct Answers -Raw Materials to Manufacturers to transportation to
wholesalers to retailers

Quality based strategy - Correct Answers -strategy that focuses on quality in all phases
of an organization

Time based strategy - Correct Answers -Strategy that focus on the reduction of time
needed to accomplish tasks

Differentiation - Correct Answers -what sets companies apart

Value Proposition - Correct Answers -Quality, Timeliness, Cost, and Service

Quality - Correct Answers -performance, features, conformance, reliability, durability

Timeliness - Correct Answers -reliability, speed, availability

Cost - Correct Answers -price, transaction costs, maintenance, repair, operating cost,
salvage, disposal
Independent demand - Correct Answers -the demand for final products and has a
demand pattern affected by treads, seasonal patterns, and general market conditions

Dependent demand - Correct Answers -the internal demand for parts based on the
demand of the final product

Deterministic demand - Correct Answers -when uncertainty is not included in its
characteristics

Service - Correct Answers -response, communication

Productivity - Correct Answers -outputs produced/inputs used

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