Competitive Priorities Define the Dimensions on Which Companies Should Excel

question 65

Multiple Choice

Competitive priorities define the dimensions on which companies should excel in producing their products or services. Which one of the following statements is TRUE?

• A) A firm that competes on the dimension of volume flexibility is more likely to manufacture products that experience a seasonal demand variation.
• B) A firm offering little customization cannot compete simultaneously on the dimension of consistent quality.
• C) A firm that competes on the dimension of customization tends have operating systems that are inflexible.
• D) It is impossible for a firm to improve cost and quality simultaneously.

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Definitions:

Low Power Distance

A societal or organizational characteristic where individuals are considered relatively equal and hierarchy is downplayed, promoting open communication and collaboration.

Workforce Reduction

A strategic decision by an organization to decrease its number of employees to improve efficiency or reduce costs.

Laying Off

The temporary suspension or permanent termination of employment of an employee or group of employees for business reasons, such as economic downturns or organizational restructuring.

Peak Needs

Times when an organization requires additional resources or personnel to handle high volumes of work or special projects.