TTU ISQS 3344 Flamm - Exam 1 Review; Questions & Answers 100% Solved
b
A good core competency for a company to compete on cost?
a. High priced labor
b. Good relationship with outside contractors
c. Excellent R&D
d. Very strong union presence
d
During 2007 - 08 SW Airlines utilized what very unusual strategy to increase profit?
a. Low cost fares
b. Free meals on board
c. Free cocktails
d. Fuel hedging
a
What is a good way to measure level of innovation?
A. Average length of time to develop new products/services
b. Sales on current products/services
c. Amount of money spent on marketing
d. Average age of employees
d
What is a core competency that enables Walmart to compete on cost?
a. Large number of stores
b. Lower level product quality
c. Each store has its own purchasing department
d. Bulk purchases
1|Page
, b
What would be a good core competency to compete on flexibility?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a. union workers
b. Workers that have many skills
c. Strict rules against job training
d. Strong upper management team
b
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily
c
Why do we (US) import so much Canadian oil?
a. It's better quality
b. Actually we don't import any oil from Canada
c. Our currency is higher in valuation than the Canadian dollar
d. They throw in good Canadian whiskey for every gallon of oil we buy from them
c
Why did productivity go up in 2008 - 09?
a. Workers got huge raises
b. Government spending increased sharply
c. Housing Bubble
d. Drug trade in the US dropped off
2|Page
b
A good core competency for a company to compete on cost?
a. High priced labor
b. Good relationship with outside contractors
c. Excellent R&D
d. Very strong union presence
d
During 2007 - 08 SW Airlines utilized what very unusual strategy to increase profit?
a. Low cost fares
b. Free meals on board
c. Free cocktails
d. Fuel hedging
a
What is a good way to measure level of innovation?
A. Average length of time to develop new products/services
b. Sales on current products/services
c. Amount of money spent on marketing
d. Average age of employees
d
What is a core competency that enables Walmart to compete on cost?
a. Large number of stores
b. Lower level product quality
c. Each store has its own purchasing department
d. Bulk purchases
1|Page
, b
What would be a good core competency to compete on flexibility?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a. union workers
b. Workers that have many skills
c. Strict rules against job training
d. Strong upper management team
b
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily
c
Why do we (US) import so much Canadian oil?
a. It's better quality
b. Actually we don't import any oil from Canada
c. Our currency is higher in valuation than the Canadian dollar
d. They throw in good Canadian whiskey for every gallon of oil we buy from them
c
Why did productivity go up in 2008 - 09?
a. Workers got huge raises
b. Government spending increased sharply
c. Housing Bubble
d. Drug trade in the US dropped off
2|Page
