In Today's Competitive Markets, Operations Managers

question 19

Multiple Choice

In today's competitive markets, operations managers:

• A)realize that a product that offers better features is more attractive than one that has a lower price.
• B)recognize that achieving efficiency is more important than achieving effectiveness.
• C)concentrate primarily on keeping costs low to keep prices competitive.
• D)focus solely on the benefits of products, while completely ignoring the costs of those products.

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Definitions:

Misperceptions

False beliefs or understandings that occur when a situation is not correctly interpreted.

Perceived High-risk Drinking

The personal recognition or belief that one's consumption of alcohol is at a level that significantly increases the risk of harm to oneself or others.

Alcohol-related Injuries

Physical harm or damage that occurs as a direct or indirect result of alcohol consumption.

Piercing

Piercing, often related to "piercing the corporate veil," refers to the legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors.