Peregrine - Operations/Productions
Management - Section Review
Questions And Answers With Verified
Solutions 100% Correct!!!
Match the strategy focus to its descriptor
A. Responsiveness
B. Efficiency
Seeks to compete on lower cost
Seeks to compete on speed of delivery - ANSWER✔✔ A. Responsiveness: Seeks to
compete on speed of delivery
B. Efficiency: Seeks to compete on lower cost
Business strategy is made up of three groups of strategy - ANSWER✔✔ Marketing
strategy: price, product, place, promotion
Financial strategy: inventory, financing, financial management of ongoing
operations
The ____________________ links a set of multiple organizations in a structured
fashion - ANSWER✔✔ supply chain
, ______________ is defined as the ability of a product (a good or a service) to
consistently meet or exceed customer expectations. - ANSWER✔✔ Quality
Match the cost to its descriptor
A. Prevention costs
B. Internal failure cost
C. Assurance costs
D. External failure cost
The cost of poor quality if the error is caught within the production facility
The cost of poor quality if an error is caught after a product has been sold to a
customer
Costs necessary to ensure that the product or service meets quality standards
The costs and efforts associated with preventing quality problems - ANSWER✔✔
A. Prevention costs:The costs and efforts associated with preventing quality
problems
B. Internal failure cost: thee cost of poor quality if the error is caught within the
production facility
C. Assurance costs: Costs necessary to ensure that the product or service meets
quality standards
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