A Firm Can Effectively Use Its Operations Function to Yield

question 124

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.

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Definitions:

Median

The middle value in an ordered list of numbers, or the average of the two middle numbers when the list has an even number of observations.

Range

The difference between the highest and lowest values in a dataset, a simple measure of the spread or dispersion of the data points.

Standard Deviation

A statistical measure that quantifies the dispersion or spread of a set of data points.

Variance

A statistical measure of the dispersion of a set of data points in a data set.