MGT103- revision 6

Which of the following questions is addressed by product-service mix decisions?

• How the services need to be provided?

• How many different products need to be offered?

• What quantity of a product needs to be produced?

• Where the products need to be distributed?

• How products need to be produced?

A highest-possible-quality strategy will stress on _____.

• the lowest possible cost regardless of quality

• quality regardless of cost

• low quality at low cost

• large quantities at low cost

• productivity regardless of quality

_____ is a form of business that combines and transforms resources into tangible outcomes that are then sold to others.

• Service

• Manufacturing

• Outsourcing

• Licensing

• Exporting

In the United States, which of the following steps did the manufacturing companies take to recover from the long period of decline?

• They increased their workforces dramatically.

• They opened more plants.

• They changed their market.

• They modernized their plants.

• They changed their sector.

A(n) _____ organization is one that transforms resources into an intangible output and creates time and place utility for its customers.

• manufacturing

• production

• service

• coal
  agricultural

During the decline of the manufacturing sector, a tremendous growth in the _____ sector kept the U.S. economy from declining at the same rate.

• coal

• service

• agriculture

• steel
  electronics

A convenience store at the gas station provides utility for customers because it makes it easy for them to purchase a few essentials when they stop for gasoline. The convenience store belongs to the _____ industry.

• service

• manufacturing

• automotive

• importing
  electronics

During the 1970s in the United States, manufacturing entered a long period of decline. Which of the following is the primary reason for this decline?

• Modernization of plants

• Rise in unemployment

• Growth in the service sector

• Foreign competition

• Recession

An organization that transforms resources into an intangible output in order to create time or place utility for its customers is known as _____ company.

• an outsourcing

• a service

• a manufacturing

• the International Organization for Standardization 9000

• total quality management

Fast food restaurants that assemble breads, spreads, and fillings as per the customers' preference belong to the _____ industry.

• service

• manufacturing

• automotive

• importing

• exporting