Cost competitiveness Study guides, Class 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 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...

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 ...

A firm has achieved ______ when it successfully formulates and implements a valuecreating strategy. : strategic competitiveness A competitive advantage: : can be identified when competitors are unable to duplicate or find it too costly to try to imitate. Above-average returns are; : returns in excess of what an investor expects to earn from other investments with a similar level of risk. The strategic management process is : the formulation and implementation of a full set of commitm...

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...

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)...

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...

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...

SCMN 3150 Test 1 Questions and Answers 100% Pass What is SCM and why is it important? SCM is the "art" of managing the flow of materials and products, information and money from source to user, and it is important because it is the source of customer satisfaction, cost reductions, and revenue increases Who are the key participants in the supply chain? suppliers, manufacturers, distributors, retailers, and consumers What are the primary processes of the supply chain? planning, pr...