Which of the Following Is NOT a Tactic for Competing

question 26

Multiple Choice

Which of the following is NOT a tactic for competing through flexible operations?

• A) Reduce production time.
• B) Select overseas suppliers.
• C) Increase the variety of product/service options or features.
• D) Add operations capacity.

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Definitions:

Demand Curve

A chart that illustrates the connection between a good's price and the amount that consumers want to purchase.

Consumer Surplus

The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.

Welfare Economics

The study of how the allocation of resources affects economic well-being.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.