A Firm Can Effectively Use Its Operations Function to Yield

question 124

Multiple Choice

A firm can effectively use its operations function to yield competitive advantage through all of the following EXCEPT:

• A) customization of the product.
• B) setting equipment utilization goals below the industry average.
• C) speed of delivery.
• D) constant innovation of new products.
• E) maintaining a variety of product options.

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Definitions:

Discrete Variables

Variables that assume a countable number of separate values, often representing categories or distinct groups.

Nominal

Refers to a type of variable that represents categories with no intrinsic order or ranking.

Ordinal

A scale of measurement where numbers represent ordered categories that have a meaningful sequence, but the intervals between the categories are not necessarily equal.

Ratio Scales

Ratio scales are a type of measurement scale that not only have order and equal intervals but also have a true zero point, allowing for the calculation of ratios.