Preview

Answer key

Good Essays
Open Document
Open Document
760 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Answer key
10. Embryonic industries, Growth industries, Shakeout industry, Mature industry and Decline industry

11.

12.

13. (Not important)
14.
Economies of scale
Learning / Experience curve
Capacity utilization
Linkage among activities
Interrelationship among business units
Degree of vertical integration
Timing of market entry
Firm’s policy of cost or differentiation
Geographical location
Institutional factor (regulation, union activity, taxes, etc.) 15. Technology is employed to some degree in every value creating activity. It impacts competitive advantages by making new configuration of the value chain possible
Reduce the costs of activity
Reduce manpower cost
Reduce time required
Increase the efficiency of the activity
Increase output per unit time
Improve the quality of work

16. Considering the case in which the design of a product in changed in order to reduce manufacturing costs. Suppose that inadvertently the new product design results in increased service costs; the cost reduction could be less than anticipated and even worse, there could be a net cost increase. Sometimes however, the firm may be able to reduce the cost in one activity and consequently enjoy a cost reduction in another, such as when a design change simultaneously reduces manufacturing costs and improve reliability so that the service costs are also reduced. Through such improvements the firm has the potential to develop a competitive advantage.

17. Cost leadership, Differentiation and Focus Strategy.

18. Maximizing internal cost efficiencies ; Improve processing efficiencies ; Outsourcing non-essential activities ; Limiting internal expenditures on accommodation and management extras ; Managing and minimizing waste. Employee’s participant in cost management process and provide cost efficient incentives. Redesigning production process; Lower input materials cost. Relocating labour-based production.

19. Functional capabilities; product performance improvements;

You May Also Find These Documents Helpful

  • Powerful Essays

    MIke bikes

    • 2570 Words
    • 10 Pages

    Strive for a high efficiency plant and increase batch size, lower visual inspections, and increase prevention type expenditures (4)…

    • 2570 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Answer Key

    • 33442 Words
    • 134 Pages

    The first step in mastering ICD-10-PCS is to become familiar with the terminology, structure and format of this new code set. In addition to the Flash Card software program found on the CD-ROM in the back of the text, AHIMA also offers a deck of ICD-10-PCS flashcards. These high quality flashcards will help you to learn all of the definitions. The full-color flashcards define the 31 Medical and Surgical Root Operations and the 7 Approaches. The deck also contains 16 cards that illustrate the character values of each of the Sections of ICD-10-PCS.…

    • 33442 Words
    • 134 Pages
    Good Essays
  • Satisfactory Essays

    4. What is the benefit to Ideal Manufacturing of applying activity-based costing to its R&D activity for both in-house…

    • 406 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    QHT 1 Task 4

    • 433 Words
    • 2 Pages

    When a company is the first to introduce new high-tech innovations, either as a service or product, they are more efficient. Being more efficient not only will lower costs and will increase the company’s profits. An example of this is when a company adds some new innovations in the production process. This increases accuracy and there are less product defects and inconsistencies which reduces internal failure costs.…

    • 433 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    TKAM Answer Keys

    • 14096 Words
    • 89 Pages

    Answer Keys English Language Arts Grade To Kill a Mocking Bird Unit A rn Resource 1.3 Key Marilyn Monroe – classic film star/beauty icon Model T – classic car Coca-Cola – classic American beverage Muhammad Ali – classic boxer (may also think of classic fights) WWII photo – classic image of V-J Day Vans – classic sneaker…

    • 14096 Words
    • 89 Pages
    Powerful Essays
  • Satisfactory Essays

    answer key

    • 1175 Words
    • 5 Pages

    4. Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002?…

    • 1175 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    With a strategy of cost leadership, an organization is unable to distinguish its product from that of competitors, and competition is primarily on the basis of price. Careful budgeting and cost control with frequent and detailed performance reports are critical for a cost…

    • 6002 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    1. Energy: the company reduces the energy consumption and increases use of renewable energy. So it saves more energy, money and time.…

    • 970 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The company, which deliver a great quality (long product lifetime, handwork manufacturing), has a good flexibility (specialized workers, integration of top-technology by the engineering department) and is relatively fast regarding its products (delivery in 5 days, concentration of the resources, accelerating cycles), is now looking for cost-reduction.…

    • 1302 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    to run the business in viable status for one more year. Further initiatives to reduce costs must…

    • 1292 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    3, reduce energy consumption, including water, electricity, steam consumption.In the process of production, should avoid the waste of energy.4 and reduce labor costs and strengthening production management.…

    • 541 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Scoring Keys

    • 369 Words
    • 2 Pages

    Scoring keysScoring Keys for the 100-Item Version Honesty-Humility Sincerity Fairness Greed-Avoidance Modesty Emotionality Fearfulness Anxiety Dependence Sentimentality Extraversion Social Self-Esteem Social Boldness Sociability Liveliness Agreeableness Forgiveness Gentleness Flexibility Patience Conscientiousness Organization Diligence Perfectionism Prudence Openness to Experience Aesthetic Appreciation Inquisitiveness Creativity Unconventionality (interstitial facet scale) Altruism 1R, 25R, 49, 73 7, 31, 55R, 79R 13R, 37, 61, 85R 19R, 43, 67, 91R 97, 98, 99R, 100R 2, 26, 50R, 74R 8, 32, 56R, 80R 14, 38R, 62, 86 20R, 44R, 68, 92R 3, 27, 51R, 75R 9R, 33, 57, 81 15R, 39, 63R, 87R 21R, 45, 69, 93R 4, 28, 52R, 76R 10R, 34, 58, 82R 16R, 40, 64, 88 22, 46, 70R, 94R 5, 29R, 53, 77R 11, 35R, 59R, 83 17, 41R, 65, 89R 23, 47, 71, 95R 6R, 30, 54R, 78 12R, 36R, 60, 84R 18, 42R, 66R, 90R 24, 48, 72R, 96R…

    • 369 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    PS5 Answer Key

    • 627 Words
    • 3 Pages

    to think about them using the IS curve, and explain how GDP is affected in the…

    • 627 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Today, in many industries, IT enables some businesses to differentiate themselves from their competitors. Those companies that utilize IT for competitive advantage view IT as a strategic business enabler instead of as a cost center, and they work to maximize the efficiency of their operations so they can focus their resources on providing value to the business and respond to today’s environment of rapidly changing business conditions.…

    • 8090 Words
    • 33 Pages
    Powerful Essays
  • Powerful Essays

    Maximizing efficiency, reducing costs and increasing profits are facts which will be always of high interest for companies. In the course of development of…

    • 5676 Words
    • 23 Pages
    Powerful Essays