Question 1

The experience curve refers to the

Accepted Answer

A)  learning by doing technique. 
B)  company's overall experience in a particular industry. 
C)  systematic lowering of the cost structure and unit cost reductions. 
D)  diseconomies of scale caused by inexperienced workers. 
E)  increases in unit costs experienced over time. 
A)  learning by doing technique. 
B)  company's overall experience in a particular industry. 
C)  systematic lowering of the cost structure and unit cost reductions. 
D)  diseconomies of scale caused by inexperienced workers. 
E)  increases in unit costs experienced over time.

Question 2

Sherree works at ABC Manufacturing where she is part of a seven member team.Her team coordinates its own activities as well as makes their own hiring,training,work,and reward decisions.Sherree is a member of a group referred to as an empowerment team.

Accepted Answer

A) True 
 B)False

Question 3

Learning effects

Accepted Answer

A)  result in unit manufacturing costs declining by a certain amount each time output is doubled. 
B)  result in unit manufacturing costs declining by a certain amount each time accumulated output is reduced. 
C)  are more significant when simple steps in an assembly process are repeated. 
D)  are more significant when a technologically complex task is repeated. 
E)  lead to economies of scale. 
A)  result in unit manufacturing costs declining by a certain amount each time output is doubled. 
B)  result in unit manufacturing costs declining by a certain amount each time accumulated output is reduced. 
C)  are more significant when simple steps in an assembly process are repeated. 
D)  are more significant when a technologically complex task is repeated. 
E)  lead to economies of scale.

Question 4

All else being equal,if a company moves down the experience curve faster than its rivals,it should realize a lower cost structure.

Accepted Answer

A) True 
 B)False

Question 5

Strong brand loyalty leads to more sales and the ability to charge higher prices.

Accepted Answer

A) True 
 B)False

Question 6

A company's infrastructure includes the company's

Accepted Answer

A)  organization structure, culture, and style of leadership. 
B)  organization structure and morale level. 
C)  culture and productivity levels. 
D)  overall profitability levels. 
E)  short-run objectives. 
A)  organization structure, culture, and style of leadership. 
B)  organization structure and morale level. 
C)  culture and productivity levels. 
D)  overall profitability levels. 
E)  short-run objectives.

Question 7

No matter how complex the task is,learning effects typically die out after a limited period of time.

Accepted Answer

A) True 
 B)False

Question 8

Unfortunately,Harvard Business School found no differences in learning effects among hospitals performing a new cardiac procedure.

Accepted Answer

A) True 
 B)False

Question 9

The marketing strategy that a company adopts

Accepted Answer

A)  has little impact on a company's efficiency and cost structure. 
B)  has an effect on efficiency and cost structure, but the extent of this effect cannot be determined. 
C)  should not take into account the impact the strategy has on efficiency or cost structure. 
D)  can have a major impact on efficiency and cost structure. 
E)  none of these choices 
A)  has little impact on a company's efficiency and cost structure. 
B)  has an effect on efficiency and cost structure, but the extent of this effect cannot be determined. 
C)  should not take into account the impact the strategy has on efficiency or cost structure. 
D)  can have a major impact on efficiency and cost structure. 
E)  none of these choices

Question 10

Which of the following trends has led to the fragmentation of many consumer markets?

Accepted Answer

A)  Self-managing teams 
B)  Project management 
C)  TQM 
D)  Customization 
E)  Increased response time 
A)  Self-managing teams 
B)  Project management 
C)  TQM 
D)  Customization 
E)  Increased response time

Question 11

The role played by infrastructure leadership in implementing reliability methodologies includes all BUT which of the following?

Accepted Answer

A)  Providing leadership and commitment quality 
B)  Finding ways to manage quality 
C)  Setting goals and creating incentives 
D)  Soliciting input from employees 
E)  Creating a command-and-control structure 
A)  Providing leadership and commitment quality 
B)  Finding ways to manage quality 
C)  Setting goals and creating incentives 
D)  Soliciting input from employees 
E)  Creating a command-and-control structure

Question 12

Diseconomies of scale are the unit cost increases associated with a large scale of output.

Accepted Answer

A) True 
 B)False

Question 13

Mass customization describes the ability of companies to use flexible manufacturing technology to reconcile the two goals of low cost and differentiation through product customization.

Accepted Answer

A) True 
 B)False

Question 14

The challenge for a company's human resource function is to find ways to lower wage and benefits costs.

Accepted Answer

A) True 
 B)False

Question 15

Poor commercialization of new products

Accepted Answer

A)  is the result of inefficient manufacturing technology. 
B)  occurs when a company markets a product for which there is not enough demand. 
C)  occurs when a product is not well adapted to a customer's needs. 
D)  is due to poor quality. 
E)  is the result of uncertainty. 
A)  is the result of inefficient manufacturing technology. 
B)  occurs when a company markets a product for which there is not enough demand. 
C)  occurs when a product is not well adapted to a customer's needs. 
D)  is due to poor quality. 
E)  is the result of uncertainty.

The experience curve refers to the

Sherree works at ABC Manufacturing where she is part of a seven member team.Her team coordinates its own activities as well as makes their own hiring,training,work,and reward decisions.Sherree is a member of a group referred to as an empowerment team.

Learning effects

All else being equal,if a company moves down the experience curve faster than its rivals,it should realize a lower cost structure.

Strong brand loyalty leads to more sales and the ability to charge higher prices.

A company's infrastructure includes the company's

No matter how complex the task is,learning effects typically die out after a limited period of time.

Unfortunately,Harvard Business School found no differences in learning effects among hospitals performing a new cardiac procedure.

The marketing strategy that a company adopts

Which of the following trends has led to the fragmentation of many consumer markets?

The role played by infrastructure leadership in implementing reliability methodologies includes all BUT which of the following?

Diseconomies of scale are the unit cost increases associated with a large scale of output.

Mass customization describes the ability of companies to use flexible manufacturing technology to reconcile the two goals of low cost and differentiation through product customization.

The challenge for a company's human resource function is to find ways to lower wage and benefits costs.

Poor commercialization of new products

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

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

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

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters

Exam 4: Building Competitive Advantage Through Functional-Level Strategy

The experience curve refers to the

Sherree works at ABC Manufacturing where she is part of a seven member team.Her team coordinates its own activities as well as makes their own hiring,training,work,and reward decisions.Sherree is a member of a group referred to as an empowerment team.

Learning effects

All else being equal,if a company moves down the experience curve faster than its rivals,it should realize a lower cost structure.

Strong brand loyalty leads to more sales and the ability to charge higher prices.

A company's infrastructure includes the company's

No matter how complex the task is,learning effects typically die out after a limited period of time.

Unfortunately,Harvard Business School found no differences in learning effects among hospitals performing a new cardiac procedure.

The marketing strategy that a company adopts

Which of the following trends has led to the fragmentation of many consumer markets?

The role played by infrastructure leadership in implementing reliability methodologies includes all BUT which of the following?

Diseconomies of scale are the unit cost increases associated with a large scale of output.

Mass customization describes the ability of companies to use flexible manufacturing technology to reconcile the two goals of low cost and differentiation through product customization.

The challenge for a company's human resource function is to find ways to lower wage and benefits costs.

Poor commercialization of new products

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

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

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

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters