Match the sources of cost advantage to the definitions provided. Remember to select a different source of cost advantage for each definition. Once you click Check, the correct matches will remain in place, while the wrong matches will return blank. Source of cost advantage Capacity utilisation Product design Economies of learning Residual efficiency Economies of scale Input costs Production techniques Definition Products or services can be designed with the specific aim of keeping costs low, thus achieving cost advantage. Cost advantage comes when individual skills and organisational routines are improved through experience. Cost advantage is obtained by improving process technology and/or introducing innovative process design approaches such as the 'just- in-time' inventory system. Cost advantage comes when producing more of something brings down the overall cost of production because fixed costs are spread on a larger number of units. Cost advantage comes from being able to utilise capacity and adjust to changes in demand more efficiently than competitors. Cost advantage is derived from costs related to labour, location and bargaining power in negotiations with suppliers. A reduction in overall 'organisational slack' and other unnecessary costs produces cost advantage.

For this queestion, findd the correct match for each item in the first column labeled 'Concept' to the corrrect item in the second column labeled 'Example'. The items in the concept colummn referr to the terminology used in the product-process matrix. Concept Example Job Shop       Batch Processing         Continuous         Assembly Line Options: Automobile manufacturing, Sugar Production, Baking bagels in bakeryy, Making custom furntiure

Figures derived from a ratio analysis of a firm need to be evaluated against the past performance of the firm to understand its current health. True or False

Strategies for proactive demand management would not include O a. offering products or services with countercyclical demand patterns. O b. using subcontracting to meet unexpected high demand levels. O c. O d. shifting demand into other time periods. partnering with suppliers to reduce information distortion along the supply chain.