Exam 4: Operations Strategy

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Which one of the following statements best represents McDonald's approach to global business?

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Of the three types of attributes customers use to evaluate goods and services, goods are high in search attributes while services are high in experience and credence attributes.

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With regard to the three types of customer attributes in evaluating the quality of goods and services, those associated with buying furniture would best be classified as

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Which of the following does not describe how customers evaluate services in a manner that differs from the way they evaluate goods?

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Order satisfiers are new or innovative good or service features that customers do not expect.

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Operations design choices include all of the following except

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A firm's ability to achieve market and financial superiority over its competitors is called

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Considering the work force component of infrastructure, which term does not fit with the others in a service environment?

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The ability to achieve market and financial superiority over competitors is called strategic planning.

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The ease by which one can create original music compositions using a software package such as Band in a Box or Apples' Garage Band would be an example of an experience attribute.

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A flexibility strategy requires capacity for both design and demand flexibility.

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Operational capabilities must be built before a firm should identify competitive priorities.

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In an automobile, which of the following would not be considered an order winner?

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Quality improvement initiatives generally increase market share in the long term and also increase profitability in the short term.

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Is it possible for a world-class organization to achieve superiority in all five major competitive priorities-price (cost), quality, time, flexibility and innovation? Explain. Justify. Provide examples pro or con.

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Core competencies are the strengths that are unique to an organization, such as a creative workforce or a strong supply chain.

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Traditional market research may not always provide accurate information about customer needs.

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Eventually, order qualifiers become order winners.

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Because of the importance of supplying goods or services, operations strategy has historically received significant high-level management attention.

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Reductions in flow time generally lead to a deterioration of quality.

(True/False)
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