Exam 4: Operations Strategy

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Which one of the following statements in the Lawn Care Company (LCC) case study is true?

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D

Employee training is an example of a key competitive priority.

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False

Professor Terry Hill has presented a four-loop framework for operations strategy through an iterative and integrated process. Decision loop #1

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D

Formal marketing research, such as surveys and focus groups, is the only useful approach to learn about customer needs and expectations.

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In today's global market, mass customization has become less important than it was in the past.

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Requirements that are expected in a good or service are called

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Improving design quality usually allows a firm to charge higher prices and thus increase revenue and profit.

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Apple's primary competitive priority would probably be innovation while Dell's would be flexibility.

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In time sequence, which of the following needs to be accomplished first?

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Order qualifiers are goods and service features and performance characteristics that differentiate one customer benefit package from another and win a customer's business.

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What is the difference between corporate, business and functional strategy?

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Customers generally perceive greater risk when buying goods than when buying services.

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Because McDonald's and Pal's Sudden Service are both in the quick service restaurant business, we would expect their operations strategies to be nearly identical.

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What do we mean by core competencies?

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Explain the concept of search, experience, and credence attributes.

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Being able to access the Internet in an automobile at any speed and in any location would be considered an order satisfier.

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Innovation does not necessarily involve practical application or commercialization.

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A clean bed in a hotel would be considered as an order satisfier.

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The ____ of a firm defines the strengths that are unique to that organization.

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With regard to the three types of customer attributes in evaluating the quality of goods and services, those associated with the features of a new laptop computer such as processor speed and hard disk capacity would best be classified as

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