In This Question Focusing on the Structural and Infra-Structural Decision

question 46

Multiple Choice

In this question focusing on the structural and infra-structural decision areas you need to match
the question with the correct strategy. Question: How should the operation forecast and monitor
the demand for its products and services?

• A) Inventory strategy
• B) Planning and control systems strategy
• C) Technology strategy
• D) Supplier development strategy
• E) New product/service development strategy
• F) Capacity adjustment strategy
• G) Facilities strategy
• H) Improvement strategy
• I) Failure prevention and recovery strategy
• J) Workforce and organisation strategy
• K) Vertical integration strategy

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Definitions:

Lawful Purpose

Involves activities or objectives that are not illegal or prohibited by law, often a prerequisite in contract law to ensure that the contract’s intent complies with legal standards.

Agency Relationship

A legal relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in legal or business dealings.

Specific Power

Authority granted to an individual or body to carry out specific actions in a designated context or situation.

Agency Agreement

A legal contract creating a fiduciary relationship which empowers an agent to act on behalf of a principal in transactions.