Question: OPM 6 2 5 : Operations and Supply Chain Management Part I. 1 4 True - False Questions: True or False 1 . While buying

OPM 625: Operations and Supply Chain Management Part I. 14 True-False Questions:
True or False 1. While buying a physical good or service, a customer focuses on cost, quality, flexibility, and response time.
True or False 2. Service is an intangible process, while a good is physical output of a process.
True or False 3. A service requires some degree of interaction with the customer for it to be a service.
True or False 4. Services, with some exceptions, are inherently homogeneous because they do not vary from day to day as a function of the needs of the customer and the attitudes of the customer and the servers.
True or False 5. Services as a process are perishable and time dependent, and unlike goods, they cant be stored.
True or False 6. The specifications of a service are defined and evaluated as a package of features that affect the five senses.
True or False 7. Core goods provide a significant service component.
True or False 8. Hotels and airlines are examples of pure services.
True or False 9. Currently 50 percent of the U.S. labor is employed in services, 45 percent in manufacturing, and five percent in agriculture.
True or False 10. Todays competitive landscape is characterized by ongoing, relentless innovation; rapid changes (new niches, new tools, new players); and not just random benchmarking or continuous attempts to improve - but focused, reinvention of ones business.
True or False 11. A strong competitor with an operations advantage moves from "acceptable range of performance on each competitive dimension (cost, quality/product performance, dependability/reliability, flexibility, and innovativeness) to "superior performance on dimensions with the highest priorities.
True or False 12. Economies of scale refer to the drop in the average cost per unit of output as a plant gets larger and each succeeding unit absorbs part of the fixed costs.
True or False 13. A combination of the economies of scale and the experience curve can give a dual advantage.
True or False 14. Each time you perform a task it takes less time than the last time you performed the same task.

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