Productivity, Innovation & Strategy Flashcards
A ________ is a network of activities, roles, resources, repositories, and data flows that interact to accomplish a business function.
Business Process
A ________ is a network of activities, roles, resources, repositories, and data flows that interact to accomplish a business function.
Business Process
An organization responds to the structure of its industry by choosing a(n) ________ strategy.
Competitive
An organization responds to the structure of its industry by choosing a(n) ________ strategy.
Competitive
Collecting, storing, and physically distributing the product to buyers describes which of the following primary activities?
Outbound Logisitics
Collecting, storing, and physically distributing the product to buyers describes which of the following primary activities?
Outbound Logisitics
Each stage of the value chain not only adds value to the product but also ________.
Adds Costs
Each stage of the value chain not only adds value to the product but also ________.
Adds Costs
________ includes general management, finance, accounting, legal, and government affairs.
Firm Infrastructure
________ includes general management, finance, accounting, legal, and government affairs.
Firm Infrastructure
In which case is the strength of competitive forces low?
When switching costs is high.
In which case is the strength of competitive forces low?
When switching costs is high.
In which of the following situations would the suppliers have the strongest bargaining power?
a. companies negotiating compensation during a booming economy
b. providers of logistic support during an economic slowdown
c. a wholesaler declaring a stock-clearance sale
d. coffee planters during a season of frost that decreases production
d.coffee planters during a season of frost that decreases production
In which of the following situations would the suppliers have the strongest bargaining power?
a. companies negotiating compensation during a booming economy
b. providers of logistic support during an economic slowdown
c. a wholesaler declaring a stock-clearance sale
d. coffee planters during a season of frost that decreases production
d.coffee planters during a season of frost that decreases production
Manufacturing systems that use linkages also use ________ to plan production.
Sales Forecast
Manufacturing systems that use linkages also use ________ to plan production.
Sales Forecast
Porter defined ________ as the amount of money that a customer is willing to pay for a resource, product, or service.
Value
Porter defined ________ as the amount of money that a customer is willing to pay for a resource, product, or service.
Value
Porter originally developed the five forces model to determine ________.
The potential profitability of an industry.
Porter originally developed the five forces model to determine ________.
The potential profitability of an industry.
Porter’s five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.
Competition
Porter’s five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.
Competition
Porter’s model includes the bargaining power of which of the following groups as one of the five factors?
a. employees
b. investors
c. customers
d. competitors
c. customers
Porter’s model includes the bargaining power of which of the following groups as one of the five factors?
a. employees
b. investors
c. customers
d. competitors
c. customers
The competitive strategy of an organization determines its ________.
Valur Chain
The competitive strategy of an organization determines its ________.
Valur Chain
The strength of bargaining power forces depends on the availability of substitutes and ________ compared to the size of suppliers or customers.
The relative size of the company.
The strength of bargaining power forces depends on the availability of substitutes and ________ compared to the size of suppliers or customers.
The relative size of the company.
Two strength factors that relate to all three competitive forces are ________ and _________.
Switching Costs and Customer Loyalty.
Which of the following is an example of a competitive strategy employed by a firm?
a. launching a unique product targeted at a section of consumers
b. laying off staff in order to cut down costs during a recession period
c. advertising its products nationwide like its competitor organizations
d. increasing the price of its product when raw material prices increase
a.launching a unique product targeted at a section of consumers
Which of the following is an example of a competitive strategy employed by a firm?
a. launching a unique product targeted at a section of consumers
b. laying off staff in order to cut down costs during a recession period
c. advertising its products nationwide like its competitor organizations
d. increasing the price of its product when raw material prices increase
a.launching a unique product targeted at a section of consumers
Which of the following is a process implementation principle of competitive advantage? Select one: a. creating a new product b. establishing alliances c. differentiating a product d. enhancing a product
b. establishing alliances
Which of the following is a process implementation principle of competitive advantage? Select one: a. creating a new product b. establishing alliances c. differentiating a product d. enhancing a product
b. establishing alliances
