Multiple choice: 18. itim can effectively use its operations function to yield competitive advantage via all of the following except A. maintain a variety of product options B. customization of the product C. constant innovation of new products D. speed of delivery E. setting equipment utilization goals below the industry average 19. Which of the following would likely cause a change in market opportunities based upon levels of income and wealth? A. legal change B. economic change C. technological change D. political change E. sociological and demographic change 20. Which one of the following statements about purchasing is true?_ A. Purchasing provides a major opportunity for price increases. B. The cost of purchases as a percent of sales is often small. C. Purchasing has an impact on the quality of the goods and services sold. D.Competitive bidding is a major factor in long-term cost reductions. E. Purchasing is always more efficient than making an item.

Multiple choice: 18. itim can effectively use its operations function to yield competitive advantage via all of the following except A. maintain a variety of product options B. customization of the product C. constant innovation of new products D. speed of delivery E. setting equipment utilization goals below the industry average 19. Which of the following would likely cause a change in market opportunities based upon levels of income and wealth? A. legal change B. economic change C. technological change D. political change E. sociological and demographic change 20. Which one of the following statements about purchasing is true?_ A. Purchasing provides a major opportunity for price increases. B. The cost of purchases as a percent of sales is often small. C. Purchasing has an impact on the quality of the goods and services sold. D.Competitive bidding is a major factor in long-term cost reductions. E. Purchasing is always more efficient than making an item.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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