A) result in unit manufacturing costs increasing by a certain amount each time output is increased. B) suggest that production costs increase because of increasing labor productivity. C) tend to be more significant when simple steps in an assembly process are performed over and over again. D) tend to be more significant when a technologically complex task is repeated. E) lead to diseconomies of scale. A) result in unit manufacturing costs increasing by a certain amount each time output is increased. B) suggest that production costs increase because of increasing labor productivity. C) tend to be more significant when simple steps in an assembly process are performed over and over again. D) tend to be more significant when a technologically complex task is repeated. E) lead to diseconomies of scale.

Exam 4: Competitive Advantage Through Functional-Level Strategies

Which of the following is NOT a benefit of tight cross-functional integration among research and development (R&D), production, and marketing?

(Multiple Choice)

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Question 61

Which of the following is the final step in the five-step chain reaction on which the philosophy of total quality management (TQM) is based?

(Multiple Choice)

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Question 62

Which of the following is NOT a reason why innovation is the primary source of competitive advantage?

(Multiple Choice)

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Question 63

A benefit of long-time customer loyalty is the free advertising that customers provide for a company through referrals.

(True/False)

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Question 64

When Amber first started working at a car manufacturing plant assembling car doors, she was slower at the task than her coworkers. As time passed, her speed at assembling the doors increased and she even taught others how to perform the task more quickly. The result was increased employee productivity and the plant experienced cost savings. These cost savings can be attributed to learning effects.

(True/False)

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Question 65

Which of the following steps in the five-step chain reaction, as articulated by Deming with regard to the philosophy underlying total quality management (TQM), enables a company to achieve a higher market share and raise prices?

(Multiple Choice)

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Question 66

While information systems have greatly improved productivity, they have had little impact on lowering costs.

(True/False)

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Question 67

The concept of economies of scale suggests that unit costs continue to fall indefinitely as output volume increases.

(True/False)

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Question 68

Quality can best be thought of as:

(Multiple Choice)

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Question 69

If a product is to be properly commercialized, there must be integration between which of the following functions?

(Multiple Choice)

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Question 70

The "sigma" in the Six Sigma name refers to the Greek letter that statisticians use to represent a standard deviation from the mean.

(True/False)

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Question 71

Learning effects are cost savings that result from:

(Multiple Choice)

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Question 72

The Mountain Ski Lodge spent $100,000 marketing and advertising its new ski trails and on-site spa. The money used for marketing and advertising can be referred to as:

(Multiple Choice)

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Question 73

Learning effects:

(Multiple Choice)

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Question 74

Just-in-time inventory (JIT) systems:

(Multiple Choice)

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Question 75

Through efficient logistics at Grasshopper Grocers, the stock in the stores is automatically replenished when the company receives an alert from customers that their stock is low. Management at Grasshopper Grocers uses a just-in-time (JIT) inventory system.

(True/False)

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Question 76

Explain the process by which increased production volume leads to lower costs. Give an example from a real or hypothetical firm. Can this process apply to a service organization as well as a manufacturing one? If so, give an example. If not, explain why not.

(Essay)

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Question 77

Product attributes that collectively define product excellence include the form, features, performance, durability, reliability, and style of the product.

(True/False)

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Question 78

Which of the following is a tactical step for getting down the experience curve ahead of competitors?

(Multiple Choice)

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Question 79

Showing 61 - 79 of 79

Which of the following is NOT a benefit of tight cross-functional integration among research and development (R&D), production, and marketing?

Which of the following is the final step in the five-step chain reaction on which the philosophy of total quality management (TQM) is based?

Which of the following is NOT a reason why innovation is the primary source of competitive advantage?

A benefit of long-time customer loyalty is the free advertising that customers provide for a company through referrals.

Which of the following steps in the five-step chain reaction, as articulated by Deming with regard to the philosophy underlying total quality management (TQM), enables a company to achieve a higher market share and raise prices?

While information systems have greatly improved productivity, they have had little impact on lowering costs.

The concept of economies of scale suggests that unit costs continue to fall indefinitely as output volume increases.

Quality can best be thought of as:

If a product is to be properly commercialized, there must be integration between which of the following functions?

The "sigma" in the Six Sigma name refers to the Greek letter that statisticians use to represent a standard deviation from the mean.

Learning effects are cost savings that result from:

The Mountain Ski Lodge spent $100,000 marketing and advertising its new ski trails and on-site spa. The money used for marketing and advertising can be referred to as:

Learning effects:

Just-in-time inventory (JIT) systems:

Through efficient logistics at Grasshopper Grocers, the stock in the stores is automatically replenished when the company receives an alert from customers that their stock is low. Management at Grasshopper Grocers uses a just-in-time (JIT) inventory system.

Explain the process by which increased production volume leads to lower costs. Give an example from a real or hypothetical firm. Can this process apply to a service organization as well as a manufacturing one? If so, give an example. If not, explain why not.

Product attributes that collectively define product excellence include the form, features, performance, durability, reliability, and style of the product.

Which of the following is a tactical step for getting down the experience curve ahead of competitors?

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: the Identification of Opportunities and Threats

Internal Analysis: Resources and Competitive Advantage

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Business-Level Strategy and the Industry Environment

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Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Governance, Social Responsibility, and Ethics

Implementing Strategy Through Organization

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