Professor Terry Hill Has Presented a Four-Loop Framework for Operations

question 61

Multiple Choice

Professor Terry Hill has presented a four-loop framework for operations strategy through an iterative and integrated process. Decision loop #2:

• A) describes how operations evaluate the implications of competitive priorities in terms of process choices and infrastructure.
• B) involves determining if process choice decisions and capabilities are consistent with infrastructure capabilities.
• C) represents operations' input into corporate and marketing strategy.
• D) ties together an organization's corporate strategy and marketing strategy.

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Definitions:

FOB Destination

The point at which the seller pays all shipping costs and title passes on delivery.

Shipping Costs

The expenses associated with transporting goods from the seller to the buyer's location.

Title of Goods

The legal right to own, use, or sell a particular item of property, such as merchandise held for sale.

3/10 Net 30

A payment term indicating that a buyer can deduct 3% of the invoice amount if payment is made within 10 days; otherwise, the full amount is due within 30 days.