Exam (elaborations)
COB 300 OPERATIONS TEST 1 with verified answered already passed
- Course
- Institution
COB 300 OPERATIONS TEST 1 with verified answered already passed
[Show more]
Content preview
COB 300 OPERATIONS TEST 1operations management - correct answer ✔✔management of systems of processes that create goods
and services
processes - correct answer ✔✔converting inputs to outputs
operations manager - correct answer ✔✔who guides the system through decision making---- has to
make design and operating decisions
operations finance marketing - correct answer ✔✔3 functions of business organizations
upper management processes - correct answer ✔✔govern operation of the entire organization
operational processes - correct answer ✔✔core processes that make up the value stream
supporting processes - correct answer ✔✔support core processes
variation - correct answer ✔✔can be disruptive to operations and supply chain processes :additional
costs, delays and shortages, poor quality, inefficient work systems
4 sources of variation - correct answer ✔✔variety of goods and services being offered
structural variation in demand
random variation
assignable variation
physical model - correct answer ✔✔looks like real life counterparts
schematic model - correct answer ✔✔looks less like real life than physical model
, mathematic - correct answer ✔✔looks nothing like real life
ways businesses compete - correct answer ✔✔identify consumer wants and needs
price and quality
advertising and promoition
product differentitation
flexibility
delivery time
competitiveness - correct answer ✔✔how effectively an organization meets the wants and needs of
customers relative to others that offer similar goods and services
mission statement - correct answer ✔✔serves as a basis for organizational goals
goals - correct answer ✔✔destinations
strategies - correct answer ✔✔road ma
order qualifiers - correct answer ✔✔characteristics that customers perceive as minimum standards of
acceptability for a product or service to be considered as a potential purchase
orer winners - correct answer ✔✔charctersitcs job a good or serve that cause it to be perceived as better
than competition
quality based - correct answer ✔✔focuses on quality in all forms of organziztion
time based - correct answer ✔✔focuses on reducing time needed to accomplish task
agile operations - correct answer ✔✔focus on flexibility and adaptability to change
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now