Cost competitiveness - Study guides, Class notes & Summaries

Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular activities Adapters Ans: Companies that take the current industry structure and its evolution as givens, and choose where to compete. Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately negative effect on a protected group. Ad...

PRO4801 ASSIGNMENT 4 2024 Defend the following statement:” When uncertainty drops to nearly zero, and when effort is repeated a large number of times, the work is no longer considered a project.” [Use - A topology of projects Figure 1.3 (page 5) in the prescribed book. Do Not Draw the Figure!]. [20] Jamal industries, a manufacturing company that produces products of the True Value brand, is to introduce a new product at a lower cost than the competitor. The strategy is to increase volu...

WPC 470 FINAL EXAM 2024/2025 TEST BANK WITH 500 PRACTICE QUESTIONS AND CORRECT ANSWERS (100% CORRECT VERIFIED ANSWERS) WPC 470 FINAL PRACTICE EXAM 2024 (NEW!!) JoAnn Tucker recently took over as Chief Executive Officer (CEO) of BurgerRama, Inc. Burger-Rama has seen declining profits over the past five years and has struggled to remain competitive in the fast-food industry. In order to achieve strategic competitiveness, JoAnn must: a..conduct training programs and hire educated and expe...

1. define Globalisation the process through which nation- al economies, societies and cultures are becoming increasingly intercon- nected through global networks of trade, communication, transportation and immigration 2. where are levels of globalisation the highest 3. where are levels of globalisation the lowest 4. 3 Key Characteristics of Globalisa- tion between core countries, as a result of them having sorted out major do- mestic problems, giving them spare capacity to look to solve ...

Competitive Landscape - GLOBALIZATION TECHNOLOGY CHANGE COLLABORATION KNOWLEDGE MANAGEMENT GLOBALIZATION - Corporations operate worldwide, transcending national borders by tapping international markets TECHNOLOGY CHANGE - Engagement in artificial intelligence (AI) and machine learning, data protection, 5G etc. The internet can be a threat and business opportunity. AI can interfere between humans and technology and society COLLABORATION - Requires productive communications among diffe...

MBA 706 Test 1 Questions and Answers Already Passed Question: What is the purpose of a SWOT analysis in strategic planning? Answer: A SWOT analysis is used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats. It helps businesses understand their internal capabilities and external environment, guiding strategic decisions. Question: How does Porter's Five Forces model help businesses understand their competitive environment? Answer: Porter's Five Fo...

UTK: BUAD 331 Exam 1 Complete (answers updated fall 2022/23.) ____________ the chain facilitates better strategic alignment between supply chain operations. A. Breaking B. Sharing C. Bending D. Spreading A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? A.Increase sales calls to all existing customers. B.Increase capacity utilization to gain economies of ...

SCMN 3150 Brian Gibson test 1 Questions and Answers Rated A+ What is Supply Chain Management? the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) 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 adv...

Testbank questions Chapter 02 & 03 Innovation Strategy and Identifying Strategic Capabilities Correct answers are indicated with a * 1. Four factors have a major influence on the ability of a firm to develop and create value through innovation. Which of the following is not one of these factors? a) Its ability to identify and exploit external sources of innovation, especially international networks. *b) Its ability to invest in basic science and technology. c) Its power and market pos...

MAN 4720 Exam 1 Questions And Answers Already Passed A firm has achieved ______ when it successfully formulates and implements a value-creating 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 formu...