Lagunitas Brewing Company Has Successfully and Methodically Applied Six Sigma

question 40

Multiple Choice

Lagunitas Brewing Company has successfully and methodically applied Six Sigma methods to its value chain, activity by activity, so that the company can

• A)clearly consider what it will take to overtake rivals with the industry's overall best strategy.
• B)make major strides in improving the proficiency with which its strategy is executed without sacrificing innovation.
• C)increase its bargaining power with suppliers and create better seller-supplier collaborations.
• D)assess the extent to which rivals have competitively valuable competencies or capabilities.
• E)construct a business model that entails a value proposition based on quality.

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Definitions:

Capital Balance

The amount of money in a firm's capital account, reflecting the owner's initial investment plus retained earnings.

Profits and Losses

A financial statement that shows the revenue, costs, and expenses over a certain period, determining the company's net income or loss.

Admitted

In insurance, relates to insurers that are officially authorized to do business in a particular state.

Partnership Dissolved

The formal termination of a partnership agreement, resulting in the cessation of business activities and the distribution of assets and liabilities among the partners according to their agreement.