MGT295 Exam 1

TRUE OR FALSE: ALL firms have a primary transformation process

• TRUE

• FALSE

Which of the 2 of following is NOT considered inputs

• Capital

• Raw Material

• Energy

• People

• Technology

TRUE OR FALSE: The transformation process includes resources such as People, Plant, Equipment, Technology, and Land

• TRUE

• FALSE

It is the firm’s __________ that actually differentiates the products and adds value to the customer

Price, Quality, Delivery Speed, Delivery reliability, Coping with changes in demand, and Flexibility and new product introduction speed are _____________

To have a __________, you need to perform activities differently from competitors.

_______________ is the link between a companies planned strategy and how it is executed.

Diagrams that show how a company's strategy is delivered through a set of supporting activities is called ____________.

The above is an example of what

Which of the following is apart of the Risk Management Framework?

• Identify the sources of potential disruptions

• Assess the potential impact of the risk

• Develop plans to mitigate the risk

• ALL OF THE ABOVE