What Are the Two Key Components of the Operations Strategy

question 117

Multiple Choice

What are the two key components of the operations strategy of Federal Express?

• A) they own their own fleet of tractor trailers, and they use a sophisticated bar code technology
• B) they own their own fleet of tractor trailers, and they have a large warehouse in every state
• C) they own their own fleet of airplanes, and they have a large warehouse in every state
• D) they use a sophisticated bar code technology, and they have a large warehouse in every state
• E) they own their own fleet of airplanes, and they use a sophisticated bar code technology

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Definitions:

Demand Increases

A situation in which the desire and willingness to purchase a good or service rises, often due to factors like income growth or preference changes.

Substitute Good

A good that can replace another to satisfy similar needs or desires, often influenced by changes in prices and consumer preferences.

Downsloping Demand

A situation where the demand for a good decreases as the price increases, following the typical law of demand.

Upsloping Supply

A supply curve that increases from left to right, indicating a direct relationship between price and quantity supplied.