Question $6$:

Core competencies are good candidates for outsourcing.

True or False?

Question $7$:

Cost minimization is an appropriate strategy in which stage of the product life cycle?

a$)$ Introduction

b$)$ Growth

c$)$ Adolescence

d$)$ Decline

e$)$ Retirement

Question $8$:

Key success factors are those activities that are key to achieving competitive advantage.

True or False?

Question $9$:

Low$-$cost leadership is the ability to distinguish the offerings of the organization in a way that the customer perceives as adding value.

True or False?

Question $10$:

Multinational organizations can shop from country to country and cut costs through:

a$)$ Lower wage scales

b$)$ Lower indirect costs

c$)$ Less stringent regulations

d$)$ Lower taxes and tariffs

e$)$ All of the above

Question $11$:

Outsourcing is the practice of transferring a firm's activities that have traditionally been internal to external suppliers.

True or False?

Question $12$:

Outsourcing manufacturing is also known as:

a$)$ License manufacturing

b$)$ Sublease manufacturing

c$)$ Concurrent manufacturing

d$)$ Hollow manufacturing

e$)$ Contract manufacturing

Question $13$:

Production processes are being dispersed to take advantage of national differences in labor costs.

True or False?

Question $14$:

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats.

True or False?

Question $15$:

The ability of an organization to produce goods or services that have some uniqueness in their characteristics is:

a$)$ Mass production

b$)$ Time$-$based competition

c$)$ Competing on productivity

d$)$ Competing on quality

e$)$ Competing on differentiation

Question $16$:

The theory of comparative advantage implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can.

True or False?

Question $17$:

Which of the following activities takes place most immediately once the mission has been developed?

a$)$ The firm develops alternative or back$-$up missions in case the original mission fails

b$)$ The functional areas develop their functional area strategies

c$)$ The functional areas develop their supporting missions

d$)$ The ten OM decision areas are prioritized

e$)$ Operational tactics are developed

Question $18$:

Which of the following does NOT represent a valid reason for globalizing operations?

a$)$ Reduce costs

b$)$ Improve the supply chain

c$)$ Reduce responsiveness

d$)$ Attract and retain global talent

e$)$ Understand markets

Question $19$:

Which of the following statements about organizational missions is FALSE?

a$)$ They reflect a company's purpose

b$)$ They indicate what a company intends to contribute to society

c$)$ They are formulated after strategies are known

d$)$ They define a company's reason for existence

e$)$ They provide guidance for functional area missions

Question $20$:

Which of the following strategic concepts allow firms to achieve their missions?

a$)$ Productivity, efficiency, and quality leadership

b$)$ Differentiation, cost leadership, and response

c$)$ Differentiation, quality leadership, and response

d$)$ Distinctive competency, cost leadership, and experience

e$)$ Differentiation, distinctive competency, quality leadership, and capacity