
To determine: Three primary ways to achieve a competitive advantage.
Introduction:
Competitive advantage:
A competitive advantage is a state or condition which puts a firm in a favorable or a superior business position. This advantage will enable the firm to have more sales margins and more customers than its competitors.
Three primary ways to achieve competitive advantage:
Cost leadership:
The firm will be conducting its operations and selling its products at low prices, thus having a higher market share than their competitors.
Differentiation:
The firm will be developing products with unique attributes which are not delivered by competitors. It gives a unique advantage to the firm over its competitors.
Response:
It is a strategy followed by firms which gives timely responses and solutions to problems in a rapid manner.

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Chapter 2 Solutions
EBK OPERATIONS MANAGEMENT
- Note: In chapter 11, section 11.3 of the Stevenson text, level and chase plans are covered with examples (example 1, and example 2); chapter 11 Stevenson lecture power point slides 23 to 32 cover chase and level plans with an example; see lecture video, 12.21 mins to 26.55 mins. 3) a) Huurhun Printing in Ulaanbaatar has four typesetters and four jobs to be completed as given in the table. The $ entries represent the firm’s estimate of what it will cost for each job to be completed by each typesetter. Find the optimal assignment of jobs to typesetters so as to minimize the total costs. Typesetters Jobs A B C D 42HG $7 $3 $4 $8 19DT $5 $4 $6 $5 47ST $6 $7 $9 $6 17VT $8 $6 $7 $4 b) Huurhun Printing in Ulaanbaatar has the following printing jobs waiting to be processed at its work center. The jobs are assigned sequentially upon arrival. All dates are specified as days from today. In what sequence should the…arrow_forwardCompetitive Landscape In the rapidly evolving tech industry, Apple faces competition from major players like Microsoft, Amazon, Google, and Samsung. How does Apple differentiate itself from these competitors in terms of innovation, marketing positioning, and customer loyalty?arrow_forward3. Consider a process consisting of three resources. Assume there exists unlimited demand for the product. a. Resource 1 has a processing time of 6 minutes per unit. b. Resource 2 has a processing time of 3 minutes per unit. c. Resource 3 has a processing time of 5 minutes per unit. All three resources are staffed by one worker. a. Draw a process flow diagram of this process. b. What is the capacity of resource 2? c. What is the bottleneck in the process? d. What is the utilization of resource 2? e. How long does it take the process to produce 200 units starting with an empty system, assuming this is a worker-paced process?arrow_forward
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