What term describes a special ability that production does especially well to outperform the competition?
A) Supply chain management
B) Total quality management
C) Process engineering
D) Operations capability
E) Value-added analysis
Answer: D
Explanation: D) A company chooses an operations capability that is compatible with its overall business strategy.
Business
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When a provider has market dominance and hence can set its own prices (within reason), it is called a price taker.
a. true b. false
Business
In order to prevent a licensor-competitor from gaining unilateral benefit, licensing agreements should provide for:
A) contract manufacturing. B) franchising. C) cross licensing. D) strategic decision making. E) adaptation for local tastes.
Business