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:

Extending Reductions

The process of increasing the scope or duration of cost-cutting or resource-saving measures.

Deep Water Exploration

The process of investigating and exploring the seabed and sub-sea layers in oceanic environments at great depths for resources or scientific research.

Company Profits

The financial gain that a company obtains after deducting all its expenses from its total revenues.

Restructuring

The process of altering the organizational, operational, or financial setup of a company to make it more profitable, efficient, or better organized for its current needs.