BUSINESS C720 FALL 2023 tests_Liberty university

If a firm measures quality from an external orientation, which of the following is most relevant? Product specifications Corporate values Proper procedures Customer needs Correct. Quality with an external orientation focuses on consistently meeting or exceeding customers’ needs and expecta...

Watson Computers obtains the parts required to build its desktop computers from a variety of suppliers located in Mexico and India. Watson Computers engages in outsourcing v Correct! Goods and services obtained from outside suppliers are outsourced. Question 2 of 7 Typically used for products w...

Which term refers to the maximum rate of production? Capacity Efficiency Bottleneck Department Correct. Capacity, which is the maximum rate of production, is a measure of an organization's ability to provide customers with the demanded services or goods in the amount requested and in a time...

The Acme Manufacturing Company is operating at a maximum rate of production and meeting the demand of its customer base. Acme is ©OPerating at capacity M Correct. Capacity, which is the maximum rate of production, is a measure of an organization's ability to provide customers with the demanded...

A product facility strategy Batch-flow processing Process selection Capacity utilization Correct. Process selection is determining the most appropriate method of completing a task. It is a series of decisions that include technical or engineering issues and volume or scale Issues. Question 2...

Question 1 of 4 When a firm implements a regional facility ¥ strategy, each of its manufacturing plants has a specified marketing area and manufactures a complete line of products for that area. Correct. A regional facility strategy requires that each production facility has a defined marketin...

Which term refers to a capability valued by customers that enables a firm to improve its profitability? Competitive advantage Sustainability Relative advantage Market share Correct. A competitive advantage is a capability that customers value, such as short delivery lead-time or high product ...

In most cases, companies that sell products and companies that sell services both maintain inventories of supporting goods v, Correct. A service business cannot account for inventory of finished products because a service is intangible and is performed on demand. However, both service companies ...

Question 1 of 13 Which of the following is an activity of both service producers and goods producers? Selling high quality, tangible products Separating production from consumption Managing a finished goods inventory Focusing on product improvement Correct! Service-producing organizations and ...