The following operations systems are predominantly goods-producing, except: a. Car assembly b. Hospitality c. Food processing d. Organic farming 2. This is much broader and long-term than competitive advantage. a. Comparative advantage b. Economic advan
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1. The following operations systems are predominantly goods-producing, except:
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- Given the contribution made on each of the three products in the following table and their position in the life cycle, identify a reasonable operations strategy for each: Product Contribution (% of selling price) 30 Company Contribution (%: total annual contribution divided by total annual sales) 50 30 10 50 40 S Identify possible strategies for the desktop computer. (Mark all that apply.) A. Consider terminating production B. Increase capacity C. Attempt to make production facilities more efficient D. Develop supplier and distribution systems Identify possible strategies for the palmheld computer. (Mark all that apply) A. Attempt to innovate high-volume production B. Consider terminating production C. Modify and improve the production process D. Develop supplier and distribution systems Identify possible strategies for the hand calculator. (Mark all that apply) A. Attempt to innovate high-volume production B. Develop supplier and distribution systems C. Improve cost control for…1. Among the preconditions company that a must examine as part of its operations strategy are; the resources available and the life cycle of the product. a. True b. False 2. The globalization strategy contributes to efficiency, adds value to products and services, and simplifies operations management. a. True b. False 3. International logistics works in parallel with foreign suppliers and consumers. a. True b. False 4.Global operations simplify the complexity, risk and competition of companies. a. True b. False 5. The Product Life Cycle Theory establishes that during the life cycle of a product, it will be manufactured in different countries. a. True b. Falseb) Suppose a monopolistically competitive firm operates in a long run which produces 40 units of output at 120 taka per-unit cost (average total cost). Also MC of producing 40 unit output is 60 taka. By using this information, show the long run situation of a monopolisticallycompetitive firm in an appropriate diagram. c) Calculate excess capacity if socially efficient output is 100 units. Show it in graph too. [Note: b) and c) are related questions and draw separate graphs for each question]. Show all step. Answer must be correct.
- Explain the role of the following functional areas in supporting the organization’s current operations strategy Required:a. Procurementb. Financec. Marketingd. Human Resource ManagementMatch To the correct concept ✓ A fast food supplier switches to a fair trade coffee. This costs them $0.03 more per cup but they raise prices by $0.05 and see a volume boost. ✓ P&G works with top retailers to understand customer behavior. They pass this information to their suppliers to create new packaging options, scents, and other products. ✓ Frito-Lay sends a truck and employee to each location to count and re-stock inventory themselves, rather than wait for a customer (retail manager) to order it. ✓ Long delays and demand uncertainty cause information to be distorted (more variable and less reliable) across the supply chain. A. Total Value Perspective B. Collaborative planning, forecasting, and replenishment (CPFR) C. Bullwhip Effect D. Vendor Managed Inventory (VMI)Draw operations strategy matrix for any restaurant. Fill up to 10 boxes out of 20 in the operations strategy matrix. In raw we have: Quality ..Speed .Dependability ..Flexibility ..Cost In column : Capacity Supply Networks Process Technology Development and organization
- Operations Management 1. An Enterprise resource-planning system helps a company? a. Find new low cost suppliers Find new customer segments Find new sources of raw materials Find real time inventory balances 2. Stack & Associates, LLC is a local based accounting firm that prepares and does audits for small businesses. Which type of business is the firm considered? Service Entrepreneurial Counseling Goods 3. Which of the following can influence a firm’s choice of production location? The life cycle of the firm’s product The firm’s organizational hierarchy The gray market activities in a location The degree to which the firm’s product is standardizedDetermine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?Outsourcing involves external risks which the operations managers must consider, which of the following is NOT a risk brought by outsourcing? Group of answer choices a. increased employment levels b. logistics concerns expansionc. changes in facility requirementsd. quality control systems and manufacturing processes’ potential adjustments
- 12. manufacturing a. act oriented b. goods oriented c. service d. tangible1. Briefly discuss 4 supply chain challenges. 2. A large percentage of the revenue of most firms is spent in the Operations Management function. Select one: a. False b. True 3. Design is a basis for _________________and should therefore be a ____________________ Select one: a. Efficiency; key consideration b. Competitiveness; core competency c. Profitability; key strategy d. Survival; core competency e. Competitiveness; key strategy1. Describe the product Package of Primer Inc. by Identifying the tangible and non-tangible (service) components.2. From an operations management position, why is the company able to charge premium prices? Why are customers willing to pay the premium price?3. Describe the operations of Primer Inc. in terms of the four Vs (Volume, Variety, Variability, and visibility), indicating whether each variable is high or low, and its implication for strategy.4. Explain the role of the following functional areas in supporting the organization’s current operations strategya. Procurementb. Financec. Marketingd. Human Resource Management5. How should each of the following Strategic Operations Management decisions be managed to ensure the success of the company.a. Product and service designb. Managing Qualityc. Process strategyd. Location strategye. Layout Strategyf. Human resourcesg. Supply chain managementh. Inventory Managementi. Schedulingj. Maintenance