Develop a rankng for competitiveness and/or business environment for Finland, Hungary, Hong Kong. the United States, and China. (Hint. Assume the following table includes the competitiveness ranking provided in the Global Competitive Report, World Economic Forum, Geneva) Click the icon to view the table for the competitiveness ranking Rank the countries from most competitive to least. A. Hong Kong, Finland, the United States, China, and Hungary B. The United States, Hong Kong, China, Hungary, and Finland C. Finland, China, Hungary, Hong Kong, and the United States D. Hong Kong, the United States, Finland, China, and Hungary The text provides three primary strategic approaches (differentiation, cost, and response) for achieving competitive advantage. Provide an example of each. Support your choices. Choose the correct example of differentiation and its explanation below. A. FedEx, as it guarantees specific delivery schedules. B. Hunter Fan, as it's a premier maker of quality ceiling fans that lower heating and cooling costs for its custon C. Hunter Fan, as it guarantees delivery in 3 days D. FedEx, as it specializes only in delivering high importance documents Choose the correct example of cost leadership and its explanation below. A. Hard Rock, as it engages the customer with classic rock music B. Hard Rock Cafe, as it provides the aroma of fresh coffee or freshly baked bread C. Wal-Mart, as it provides fast product delivery to the customers. D. Wal-Mart, as it has the low overhead and huge buying power to pressure its suppliers into concessions. Choose the correct example of response and its explanation below A. Hard Rock Cafe, as it provides the aroma of fresh coffee or freshly baked bread B. FedEx, as it specializes only in delivering high importance documents C. Hard Rock, as it engages the customer with classic rock music Identify how changes within an organization affect the OM strategy for a company For instance, discuss what impact the following internal factors might have on OM strategy a) Maturing of a product b) Technology innovation in the manufacturing process c) Changes in laptop computer design that builds in wireless technology a) Select all of the correct impacts the maturing of a product might have on OM strategy below. A. Purchasing needs to be revised. B. Product design needs to be revised. C. Labor skills decrease. D. Manufacturing process stabilizes. E. Longer production runs are used F. Capital investment is added for new equipment or processes b) Select all of the correct impacts technology innovation in the manufacturing process might have on OM strategy below. A. Cost cutting is instituted B. Product changes decrease C. Quality standards need to be revised. D. New human resources skills. E. Design compromises are instituted b) Select all of the correct impacts technology innovation in the manufacturing process might have on OM strategy below. A. Cost cutting is instituted B. Product changes decrease C. Quality standards need to be revised. D. New human resources skills. E. Design compromises are instituted. F. Maintenance procedures need to be revised c) Select all of the correct impacts changes in laptop computer design that builds in wireless technology might have on OM strategy below. A. Manufacturing process stabilizes B. Maintenance procedures need to be revised C. Cost cutting is instituted D. Purchasing needs to be revised E. Optimum capacity may be achieved. F. Inventory needs to be revised