Operations Management
Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 2, Problem 2TS
Summary Introduction

To name: Few competitive trades-offs that arises in fast-food restaurants.

Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.

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Name some of the competitive trade-offs that might arise in a fast-food restaurant.
Enumerate at least three (3) real-life examples of ways that firms can manage their costs and revenues to maximize profit.
Explain what might motivates a corporation to work with its competitors in order to build a competitive advantage for it's product/services? (Important Question for exam preparation )
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