front 1 "Translates the business strategy into specific actions and coordinates with other areas" is the definition of | back 1 functional strategy |
front 2 The firm's targeted customers and the operations and supply chain functions needed to provide value to them are identified in the | back 2 business strategy |
front 3 McDonald's focuses the employee on a specific task such as cashier or grill cook. Subway employees have broad skills and can run the entire restaurant by themselves. The choice of employee roles is an example of which of the following types of business elements? | back 3 infrastructural |
front 4 Companies must prioritize and determine the performance dimensions on which they will focus and excel. Each performance dimension has several sub-dimensions. Performance, conformance, and reliability are sub-dimensions of | back 4 quality |
front 5 Which of the following is a structural element of a business strategy? | back 5 computer systems |
front 6 "Performance dimensions for which customers expect a minimum level of performance, but do not provide a competitive advantage" is the definition of | back 6 order qualifier |
front 7 No other company in the world is as proficient at "just-in-time" production as Toyota. This technique is a great competitive advantage for them and is clearly | back 7 a core competency |
front 8 Companies must prioritize and determine the performance dimensions on which they will focus and excel. Each performance dimension has several sub-dimensions. Mix, changeover, and volume are sub-dimensions of | back 8 flexibility |
front 9 McDonald's invests significantly more in their equipment than Subway. This is an example of which type of strategy element? | back 9 structural |
front 10 "Performance dimensions which differentiate a company's products and services" is the definition of | back 10 order winner |
front 11 "A mechanism for coordinating and guiding decisions regarding the elements of a businesslong dash—identifies core competencies and targeted customers; sets time frames and performance objectives" is the definition of | back 11 business strategy |
front 12 Which of the following is an infrastructural element of a business strategy? | back 12 policies |
front 13 "Asset acquisition, new product planning and technology investments are most closely assocated with: | back 13 long-range forecasts |
front 14 Which of the following statements about forecasts is true? | back 14 Forecasts for the near term tend to be more accurate. |
front 15 The situation is stable and historical data exists, as in the case of mature products or technologies. In this case, which of the following forecasting approachs isused? | back 15 quantitative method |
front 16 One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar product or service. An example is forecasting demand for the newest model of iPod by using the demand history from the previous model of iPod. This method is | back 16 life cycle analogy |
front 17 "What is the basic assumption of Time Series forecasting? | back 17 historical time series data are good predictors of the future |
front 18 "Which of the following is most closely associated with the Weighted Moving Average forecast model? | back 18 responsiveness is determined by the choice of weight values |
front 19 "Which of the following is not associated with forecast bias? | back 19 commonly measured by the Mean Absolute Deviation |
front 20 "Error metrics may indicate that the forecast model is producing poor results. What action may a manager take to remidy this problem? | back 20 change forecast method to better match the demand pattern |
front 21 "Which of the followoing is most closely associated with forecast trend | back 21 consistent upward or downward movement of sales |
front 22 One qualitative forecasting method uses experts working individually. The individual forecasts are shared among the group, after which each participant is allowed to modify his or her forecast based on the shared information. This method is | back 22 Delphi |