Peregrine - Operations_Productions Management - Section Review.

Peregrine - Operations/Productions
Management - Section Review
Match the strategy focus to its descriptor
A. Responsiveness
B. Efficiency

Seeks to compete on lower cost

Seeks to compete on speed of delivery - CORRECT ANSWER-A.
Responsiveness: Seeks to compete on speed of delivery
B. Efficiency: Seeks to compete on lower cost

Business strategy is made up of three groups of strategy - CORRECT
ANSWER-Marketing strategy: price, product, place, promotion

Operations strategy: cost, quality, delivery, flexibility

Financial strategy: inventory, financing, financial management of ongoing
operations

The ____________________ links a set of multiple organizations in a structured
fashion - CORRECT ANSWER-supply chain

______________ is defined as the ability of a product (a good or a service) to
consistently meet or exceed customer expectations. - CORRECT
ANSWER-Quality

Match the cost to its descriptor
A. Prevention costs
B. Internal failure cost
C. Assurance costs
D. External failure cost

The cost of poor quality if the error is caught within the production facility