While Developing an Operations Strategy, Management Needs to Consider the Following

question 74

Multiple Choice

While developing an operations strategy, management needs to consider the following factor.

• A) the level of technology that is or will be available
• B) the required skill levels of the workers
• C) the degree of vertical integration, in terms of the extent to which outside suppliers are used
• D) All of these.

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Definitions:

Operating Cycle

The amount of time it takes for a company to turn its inventory into cash flows from sales.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a given period.

Accounts Receivables

Outstanding payments owed by clients to a company for goods or services that have been delivered, but payment has not been received.

Commitment Fee

A charge levied by a lender on a borrower for an agreed loan commitment that has not yet been utilized.