Problem Set #$2($Chap $2)$

Name:$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$1)$ Which of the following is the best example of competing on low$-$cost leadership? $\_\_\_\_$

A$)$ A firm produces its product with less raw material waste than its competitors do$.$

B$)$ A firm offers more reliable products than its competitors do$.$

C$)$ A firm's products are introduced into the market faster than its competitors' products are.

D$)$ A firm's research and development department generates many ideas for new products.

E$)$ A firm advertises more than its competitors do$.$

$2)$ Advantages of outsourcing do NOT include: $\_\_\_\_\_$

A$)$ cost savings.

B$)$ gaining outside expertise.

C$)$ maintaining a focus on core competencies.

D$)$ accessing outside technology.

E$)$ potential creation of future competition.

$3)$ Which of the following OM strategy$/$issues should a firm with a product in the maturity stage of its life cycle be LEAST concerned with at the present time? $\_\_\_\_$

A$)$ increase capacity B$)$ long production runs C$)$ standardization

D$)$ cost cutting E$)$ fewer rapid product changes

$4)$ Given the position of the $3$D printer in the growth stage of its life cycle, which of the following OM Strategy$/$Issues should the makers of $3$D printers be least concerned with at the current time? $\_\_\_\_$

A$)$ forecasting B$)$ cost cutting C$)$ increasing capacity

D$)$ product and process reliability E$)$ enhancing distribution

$5)$ Which of the following is an example of competing on quick response? $\_\_\_\_$

A$)$ A firm produces its product with less raw material waste than its competitors do$.$

B$)$ A firm offers more reliable products than its competitors do$.$

C$)$ A firm's products are introduced into the market faster than its competitors' products.

D$)$ A firm utilizes its capacity more effectively than its competitors do$.$

E$)$ A firm advertises more than its competitors do$.$

$6)$ Which of the following statements is true? $\_\_\_\_\_$

A$)$ Corporate mission is shaped by functional strategies.

B$)$ Corporate strategy is shaped by functional strategies.

C$)$ Functional strategies are shaped by corporate strategy.

D$)$ External conditions are shaped by corporate mission.

E$)$ Functional area missions are merged to become the organizational mission.

$7)$ A strategy is a$($n$)$: $\_\_\_\_\_$

A$)$ set of opportunities in the marketplace.

B$)$ broad statement of purpose.

C$)$ simulation used to test various product line options.

D$)$ plan for cost reduction.

E$)$ action plan to achieve the mission.

$8)$ An operations manager is performing a factor$-$rating analysis to help her choose an outsourcing provider. She is focusing on three factors: A$,$ B$,$ and C$,$ with weights of $\mathrm{.}50,\mathrm{.}20,$ and $\mathrm{.}30,$ respectively. She has scored one potential outsourcer, Ling Services, on each of the factors using a scale of $10-50.$ Ling Services received a score of $30$ for factor A$,46$ for factor B$,$ and $22$ for factor C$.$ What is the factor$-$rating