Which of the Following Should an Organization Do in Order

question 41

Multiple Choice

Which of the following should an organization do in order to obtain a competitive advantage through superior innovation?

• A) Reduce the number of components that go into its products
• B) Decrease the number of product attributes and lower the price of its products
• C) Set up a strong team to handle after-purchase support
• D) Produce products with technologies that have not been used previously
• E) Provide high-quality products to create a brand-name reputation for its products

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Definitions:

Bottleneck Operation

Process step that limits the overall output of an operation or system due to its lower capacity.

Avoidable Fixed Production Cost

Costs that can be eliminated if a particular product or segment is discontinued, without affecting other operations.

Split-off Point

The stage in a process manufacturing at which various products become separately identifiable and can be handled as distinct items.

Joint Process

A production process in which two or more products are generated simultaneously from the same raw materials or input.