A Firm Can Effectively Use Its Operations Function to Yield

question 83

Multiple Choice

A firm can effectively use its operations function to yield competitive advantage through all of the following except

• A) customization of the product
• B) setting equipment utilization goals below the industry average
• C) speed of delivery
• D) constant innovation of new products
• E) maintaining a variety of product options

Learn about the levels of analytics and their application in a business context.

Identify the process and technology used by companies to understand customer preferences and improve product offerings.

Assess business models within the retail and technology sectors, focusing on competitive advantages and differentiation strategies.

Understand the concept and calculation of market capitalization.

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Definitions:

Managerial Exclusions

Categories of employees who are excluded from union membership or protection because they are considered part of management.

Dissatisfied Workers

Employees who are unhappy or discontent with their job conditions, compensation, work-life balance, or relationship with management, potentially leading to reduced productivity.

Workplace Injustice

Occurs when employees face unfair treatment, discrimination, unsafe work conditions, or violations of their rights within their place of employment.

Laboratory Conditions Doctrine

A theoretical framework that suggests experiments should be conducted under strictly controlled conditions to isolate variables and produce valid results.