Question

1-A low-cost operations strategy is associated with the all of following EXCEPT this: a. purchasing in...

1-A low-cost operations strategy is associated with the all of following EXCEPT this:

a.

purchasing in large quantities
b.

using highly skilled labor
c.

copying successful products
d.

manufacturing in large quantities

2-A term that is frequently associated with the concept of “being green” is ______.

a.

liquidation
b.

reliability
c.

desirability
d.

sustainability

3-The firm’s mission statements is its

a.

business plan
b.

corporate charter
c.

rules
d.

direction for the firm’s plan
Business   Operations-Management   
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Homework Answers

Answer #1

1. b. using highly skilled labor

In low-cost operations strategy, low-skilled labor is used to curb the costs of production.

2.

d.

sustainability

Sustainability concept implies that such practices are followed in operations and productions that are green in nature or have sustainable alternatives and where the products or technologies are eco-friendly in nature.

3.

d.

direction for the firm’s plan

Mission statement is the lifeline of any Organization to define its very purpose of existence. It helps in lending direction, to remain focused, assists in formulating strategies, prevents people from falling into the activity trap and develops shared purpose within the Organization.

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