12 Business

Johnstone Pty Ltd are buying a new piece of machinery to make a better product in line with the demands of customers. Which of the following is influencing their operations?

• Technology
• Quality Expectations
• Cost-based competition
• Globalisation

Johnstone Pty Ltd are buying a new piece of machinery because their current production method is more expensive than their competitors. Which of the following is influencing their operations?

• Technology
• Quality Expectations
• Cost-based competition
• Globalisation

Which of the following is not a transformed resource?

• Raw Materials
• Information
• Customers
• Facilities

Which of the following would be used by a business who have cost leadership as a strategy?

• High volume, low variety and low visibility
• High volume, high variety and low visibility
• High volume, low variety and high visibility
• Low volume, low variety and low visibility

The way in which a production process is carried out is  . . . 

• Task Design
• Sequencing
• Scheduling
• Process Layout

Process layout is part of 

• Inputs
• Transformation Process
• Outputs
• Marketing

Which of the following is an output of the production process?

• Warranties
• Human Resources
• Customers
• Visibility (customer contact)

Which of the following is not a part of supply chain management?

• Logistics
• E-Commerce
• Global Sourcing
• Outsourcing

Which inventory management system should be used for a business selling fresh food?

• FIFO
• LIFO
• FILO
• JIT

Using inputs from the best supplier, regardless of their location is called

• Global Sourcing
• E-Commerce
• Supply Chain Management 
• Economies of scale