management 300 Chapter 4

6 May 2024
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question
Which of the following is not generally considered a competitive priority? a. time b. flexibility c. innovation d. infrastructure
answer
d. infrastructure
question
Using the Four Key Decision Loops in Professor Terry Hill's Generic Strategy Framework, which statement is true? a. The four loops are highly integrated and require improvement cycles. b. The first loop ties strategy to operations. c. Operations has no input loop into corporate strategy or marketing strategy. d. Infrastructure decisions must come before marketing strategy decisions.
answer
a. The four loops are highly integrated and require improvement cycles.
question
Which one of the following statements in the Lawn Care Company (LCC) case study is true? a. The LCC already had experience and capabilities in the residential lawn application service and market segment, and was considering using this expertise to enter the golf and park market segment. b. The gross margin on grass seed and fertilizer were higher than on the lawn application service. c. Service management skills play a major role in the LCC current strategy and vision of the business. d. The order winner for the current strategy at LCC is high physical goods quality.
answer
d. The order winner for the current strategy at LCC is high physical goods quality.
question
With regard to the three types of attributes customers use in evaluating the quality of goods and services, a vacation would best be classified as high in a. Search attributes b. Experience attributes c. Credence attributes d. Competitive advantage attributes
answer
b. Experience attributes
question
In time sequence, which of the following needs to be accomplished first? a. Understand customer wants and needs b. Design and deliver customer benefit package c. Build and leverage operational capabilities d. Hire creative engineers
answer
a. Understand customer wants and needs
question
A firm's ability to achieve market and financial superiority over its competitors is called a. Operations strategy b. Strategic planning c. Competitive advantage d. Competitive priority
answer
c. Competitive advantage
question
In an automobile, which of the following would not be considered an order winner? a. Self-parking capability b. Voice-activated music system c. Front-seat airbags d. Collision-avoidance system
answer
c. Front-seat airbags
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Requirements that are expected in a good or service are called a. Order Qualifiers b. Order Satisfiers c. Order Exciters d. Order Winners
answer
a. Order Qualifiers
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Goods and service features that differentiate one customer benefit package from another are called a. Order Qualifiers b. Order Satisfiers c. Order Exciters d. Order Winners
answer
d. Order Winners
question
With regard to the three types of customer attributes in evaluating the quality of goods and services, those associated with buying furniture would best be classified as a. search attributes b. experience attributes c. credence attributes d. reflect attributes
answer
a. search attributes
question
The ____ of a firm defines the strengths that are unique to that organization. a. strategy development b. strategic mission c. vision statement d. core competencies
answer
d. core competencies
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____ attributes are most likely to be experienced by the customer when using estate planning services. a. Search attributes b. Experience attributes c. Credence attributes d. Order winners
answer
c. Credence attributes
question
With regard to the three types of customer attributes in evaluating the quality of goods and services, those associated with having a meal in a restaurant such as taste of the food and courtesy of the server would best be classified as a. search attributes b. experience attributes c. credence attributes d. reflect attributes
answer
b. experience attributes
question
With regard to the three types of customer attributes in evaluating the quality of goods and services, those associated with the features of a new laptop computer such as processor speed and hard disk capacity would best be classified as a. search attributes b. experience attributes c. credence attributes d. reflect attributes
answer
a. search attributes
question
In regard to ways customers evaluate services compared to their evaluation of goods, which of the following is not true? a. For services, customers seek and rely more on personal sources of information. b. Customers normally adopt innovations in services faster. c. Customers perceive greater risk when buying services. d. Dissatisfaction with services is often the result of a customer's inability to properly perform or co-produce their part of the service.
answer
b. Customers normally adopt innovations in services faster.
question
Which of the following does not describe how customers evaluate services in a manner that differs from the way they evaluate goods? a. Customers rely on more information from personal sources. b. Customers perceive greater risks. c. Customers cannot form a priori expectations of expected service quality. d. Dissatisfaction often results from a customer's inability to properly co-produce the service.
answer
c. Customers cannot form a priori expectations of expected service quality.
question
Regarding quality, which statement is not true? a. Businesses offering premium quality goods usually have larger market share and are early entrants into their market. b.. Quality is positively and significantly related to higher return on investment for almost all kinds of market situations. c.. A strategy of quality improvement usually leads to increased market share but at a cost in terms of reduced short-run profits. d. High goods quality producers can usually excel by charging low prices.
answer
d. High goods quality producers can usually excel by charging low prices.
question
Families of goods or services having similar characteristics or methods of creation are called a. Core competencies b. Corporate strategy c. Strategic business units d. Functional strategy
answer
c. Strategic business units
question
Which of the following would not constitute an element of operations infrastructure? a. Market segmentation b. Workforce c. Quality control d. Learning and innovation systems
answer
a. Market segmentation
question
Operations design choices include all of the following except a. Operating plans and controls b. Type of processes c. Value chain integration and outsourcing d. Inventory and service capacity
answer
a. Operating plans and controls
question
Professor Terry Hill has presented a four-loop framework for operations strategy through an iterative and integrated process. The initial loop is a. Operations evaluates the implications of competitive priorities in terms of process choices and infrastructure b. Operations determines if process choice decisions and capabilities are consistent with infrastructure capabilities c. Operations input into corporate and marketing strategy d. Ties together corporate strategy and marketing strategy
answer
d. Ties together corporate strategy and marketing strategy
question
Considering the work force component of infrastructure, which term does not fit with the others in a service environment? a. Customer contact skills b. Cross-training c. Task-oriented d. Empowered
answer
c. Task-oriented
question
The text uses McDonald's to exemplify Professor Terry Hill's Generic Strategy Framework. The operating design choices of resource scheduling, inventory placement and control and standardized operational and job procedures relate best to the corporate objective of a. Profitable growth b. Operational excellence c. Leverage strengths through innovation and technology d. Diversity
answer
b. Operational excellence
question
Which one of the following statements best represents McDonald's approach to global business? a. One brand cannot be all things to all people.. b. Extensive use of outside trainers c. Using alternative technologies to make French fries d. Use of primarily manual information systems
answer
a. One brand cannot be all things to all people..
question
Which one of the following statements is true with respect to McDonald's operations and strategy? a. The #1 competitive priority is demand flexibility. b. Prof. Terry Hill's strategy framework cannot be applied to services such as McDonald's. c. There is only one standardized way (process) to make French fries in over 30,000 stores worldwide. d. McDonald's vision is to produce the world's best hamburger.
answer
c. There is only one standardized way (process) to make French fries in over 30,000 stores worldwide.