Imagine You Are a Consultant to a Local Donut Shop

question 77

Multiple Choice

Imagine you are a consultant to a local donut shop chain. You have been asked to design a superior strategy execution effort for the owners of the company. What process management tool would you most likely NOT provide to the owners?

• A)best practices methods to drive continuous improvement in how internal operations are and should be conducted at the donut chain.
• B)benchmarking of the donut chain's operating activities and business processes against "best-in-industry" and "best-in-world" performers.
• C)"best-in-company" operating activities and processes to standardize how the different locations of the donut chain perform the same functions.
• D)operating practices that generate economies of scale and scope without a reconfiguration of the donut chain's current value chain activities.
• E)performance yardsticks for judging effectiveness and efficiency for particular value chain activities and business processes that are deemed strategically critical for the donut chain.

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Definitions:

Consumer Equilibrium

A state in which a consumer has allocated their income in a way that maximizes their utility, given their budget constraint.

MU/P Ratio

The Marginal Utility to Price ratio, used in economic analysis to evaluate the satisfaction received from consuming an additional unit of a good relative to its cost.

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.