Operations strategy OM W1

A strategy is a set of plans designed for ___________ competitive advantage.

• short-term

• long-term

• time-limited

• permanent

An operations strategy is created directly from the _________ strategy

• marketing

• corporate

• business

• production

Two different viewpoints on operations strategy are the market-driven view and the _____________ based view

The development of an organization's operation across all 5 continents is called _______________.

If an organization has operations in several different countries across more than one continent it is said to be _____________________.

• transnational

• international

• polycentric

• multinational

The purpose of strategy is

• to achieve competitive advantage in order to make profits

• actualising cash flow benefits

• delivering customer benefits by discounts

• all of them

Tick all the functions that are part of operations management

• supply chain

• capacity management

• Employee healthcare

• Production processes

• Service processes

Which ones of these are components of a business model?

• Value proposition

• Marketing plan

• Profit formula

• Priorities

• Resources and processes

What does franchising mean?

• a company rents premises from a parent company

• an entrepreneur pays for the use of the brand and concepts of another company

• An entrepreneur (franchisee) buys all their stock from the franchisor

• all of them

Lean production

• tries to reduce waste

• aims to keep stock as low as possible

• pays attention to production design to reduce movements

• all of them