Radical Process Redesign Based on Process Re-Orientation,breaking Down Functional Silos

question 1

Multiple Choice

Radical process redesign based on process re-orientation,breaking down functional silos and integrating operations into customer-focused processes are tactics associated with what generic operations strategy?

• A)Low labour cost strategy
• B)Scale-based strategy
• C)Focused factories strategy
• D)Business process reengineering
• E)Flexible factories strategy

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Definitions:

Antitrust Laws

Legislation (including the Sherman Act and Clayton Act) that prohibits anticompetitive business activities such as price fixing, bid rigging, monopolization, and tying contracts.

Anticompetitive Mergers

Mergers between companies that significantly reduce competition in the market, potentially leading to higher prices and reduced consumer welfare.

Clayton Act

The federal antitrust law of 1914 that strengthened the Sherman Act by making it illegal for firms to engage in certain specified practices including tying contracts, interlocking directorates, and certain forms of price discrimination.

Monopoly Structure

A market structure characterized by a single seller producing a unique product with no close substitutes, leading to significant control over the market and pricing.