Quiz 4 Flashcards

1
Q

To be a benchmark, a target must be willing to allow competitors to view its operations and tour its facilities. A target would be willing to allow this because

A

openness to competitors provides an impetus for continual improvement within the benchmark firm.

&

competitive advantage can be gained through creating psychological barriers to competition.

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2
Q

Focusing benchmarking efforts on only one area of operations is termed:[On Cheat Sheet]

A

Functional.

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3
Q

Which is true of total factor productivity measures vs. individual measures?

A

Individual measures offer only partial understanding of a company’s production efficiency.

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4
Q

Per the closed-loop customer-relationship model[On Cheat Sheet]

A

effective guarantees given to the customer should be unconditional, meaningful, and understandable.

&

complaint resolution typically involves acknowledging the customer’s loss of time, patience, and/or money.

&

feedback pertains to both feedback to the customer that the problem has been resolved and feedback to the firm to support process improvements.

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5
Q

Which of the following accurately describes focus groups? Focus groups

A

limit both topics and types of individuals within the group.

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6
Q

The four steps to developing a useful customer service survey are:[On Cheat Sheet]

A

identify customer requirements, develop and validate the instrument, implement the survey, and analyze results.

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7
Q

When analyzing survey data, using simple analysis techniques may be preferable because:

A

Simpler analysis is easier to communicate to managers and coworkers who will use the findings.

&

Simple analysis of responses conveys the needed information, and more sophisticated techniques could be applied subsequently, if necessary.

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8
Q

An example of passively-solicited customer feedback tool is:

A

Toll-free complaint line.

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9
Q

Customer retention can be improved by offering.[On Cheat Sheet]

A

complaint mechanisms and corrective actions.

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10
Q

Which of the following is not considered to be a key problem with benchmarking?[On Cheat Sheet]

A

Lack of employee involvement within the benchmarking firms.

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