Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
The TQM report can be accessed from the ____________.
A. Capstone(r) Courier
B. Industry Conditions Report
C. Annual Reports
SAVE
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- A. What does the following scenario suggest to a company CEO? Sales in units are increasing and average price is increasing. Net operating income is increasing. a. The current business environment (external environmental factors) is improving b. Margin of safety is declining c. The integration between marketing and production is poor d. Variable production expenses have declined B. What does the following scenario suggest to a company CEO? Sales in units are decreasing and average price is increasing. Net operating income is increasing. a. The higher average price is hurting the overall company b. Product quality has declined c. The higher average price is making up for the lower volume d. Variable production expenses have increasedarrow_forward1. The threat from substitutes is high when: a.Switching costs are high b.The substitutes are very similar c.Quality of substitute is lower d.Price of the substitute is similar 2..The starting point of scenario planning is the: a.Vision Statement b.Strategic Goal c.Key Focal Issue d.Scenario 3.In scenario planning, driving forces may be identified by: a.Interview with key stakeholder b.Porter’s Five Forces analysis c.STEEP analysis d.All of the foregoingarrow_forwardTime-based strategies a. focus on quality in all phases of an organization. b. relate to the timing of organizational changes. c. relate to each of the individual functional areas of the organization. d. focus on the reduction of time needed to accomplish tasks. e. all of the above.arrow_forward
- _______is the outcome of the reconciliation of market requirements and operations resource capabilities a Operations Strategy b. Operations Management c. Operations Locations d. Operations Areasarrow_forward86) Strategic restructuring can take different forms including: a) Restructuring the firms portfolio of businesses. b) Restructuring the firm’s financing through debt and/or equity. c) Merging the marketing and sales functions into one department. d) A and B e) A and B and Carrow_forward1. Identify a service firm. 2. Develop questionnaire to conduct gap analysis as per the gap framework discussed in class. 3. Questionnaire should have questions to ask from customers of the firm and getting rating on the Likert scale of 1-5. (1. Strongly Disagree - 5. Strongly Agree) 4. Data Analysis using Excel and develop findings/results report using descriptive statistics bar charts/Pie Charts, Mean, and/or other statistics. 5. Recommend what strategies, tactics, approaches, methods, they can use to reduce/fill the 7 gaps and overall gap between customer needs/expectations and customer experience as compared to expectations.arrow_forward
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