100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
C720 WGU All Competencies, Questions and answers, 100% Accurate, rated A+. CA$15.03   Add to cart
Quickly navigate to
Preview
  2.  
  3. C720 WGU
  4.  
  5. C720 WGU
  6.  
  7. C720 WGU

Exam (elaborations)

C720 WGU All Competencies, Questions and answers, 100% Accurate, rated A+.

 3 views  0 purchase

C720 WGU All Competencies, Questions and answers, 100% Accurate, rated A+. ________ and ________ crucial and relate to both the design of goods and services. - -Product & process design Tangible Goods - -Merchandise you can put your hands on. Physical objects. Intangible Good - -Good th...

[Show more]

Preview 4 out of 31  pages

Document information

  • February 25, 2023
  • 31
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (25)

Seller

avatar-seller
QuickPass

Reviews received

Content preview

C720 WGU All Competencies, Questions
and answers, 100% Accurate, rated A+.


________ and ________ crucial and relate to both the design of goods and services. - ✔✔-Product &
process design




Tangible Goods - ✔✔-Merchandise you can put your hands on. Physical objects.




Intangible Good - ✔✔-Good that does not have a physical nature - can be digital goods (apps,
downloadable music) or virtual (bit-coin)




Knowledge, education, software, consulting, media, information and data, etc.




Product Design - ✔✔-the determination of the characteristics, features, and performance of the

product.




Process Design - ✔✔-describes how a product will be made or processed




Product Technology - ✔✔-Application of knowledge to improve the product




Process Technology - ✔✔-Application of knowledge to improve a process

,Common goals are developed during the budgeting and planning process, which happens ___________ -
✔✔-yearly




Eliminating functional silos allows teams to: - ✔✔-share knowledge and understanding of decision
making across the organization




What is a functional silo? - ✔✔-This expression is used when describing an organisation whose functions
tend to be less communicative and collaborative.




Decentralizing decision making leads to more cross-functional teams *very good




Cross- Functionality - ✔✔-Cross-functional teams consist of members from the same level of hierarchy
but from different functional parts of the organization. They can be quite advantageous because of the
synergy created from the diversity in experiences, skills, and background, which can lead to creativity
and enhanced problem-solving




**Unique feature important to any organization




Relative Advantage - ✔✔-the difference between the lowest cost producer and the next-lowest cost
producer.




Ethics are __________ than legal standards - ✔✔-more stringent (stricter)

,Sustainability - ✔✔-defined broadly in operations and supply chain management as the ethical issues an
organization faces to balance financial performance while maintaining social responsibility standards
and a responsible environmental profile.




It may manifest in a variety of initiatives including minimizing or mitigating environmental pollution and
may range to such efforts as employee wellness programs.




Sustainability is a key ethical issue in operations and supply chain management impacting organizations
and operations.




Sustainability can also relate to the so-called "triple bottom line" of profitability, employee wellness, and
environmental viability. Sustainability should be contrasted with vulnerability and, as such, should be
perceived as a risk management strategy.




competitive advantage - ✔✔-capability that customers value, such as short delivery leadtime or high
product quality that gives an organization an edge against its competition.




VIRAL ; is the framework for ________ - ✔✔-Competitive Advantage and stands for: VALUE to
customers; INIMITABLE (not easily imitated); RARE; and the organization must have the APTITUDE
(capability) of LIFESPAN (sustainability) to earn appropriate returns on the advantage.




SWOT stands for: - ✔✔-Strengths

Weaknesses

, Opportunities

Threats




First two are INTERNAL, last two are EXTERNAL




Productivity (equation) - ✔✔-mathematical calculation

Productivity = Output/Input




Increases in productivity ________________________________________ - ✔✔-reduce costs, lower
prices, and provide a basis for competing in world markets




Allows organizations to do the same work with less effort OR more work with the same effort.




Labor Productivity (equation) - ✔✔-mathematical calculation

Labor Productivity = Quantity or Value of Units Produced / Labor Hours or Labor Costs




Inventory - ✔✔-the term for the goods available for sale and raw materials used to produce goods
available for sale




_________ can help businesses meet demand and work more efficiently - ✔✔-Inventory




3 Types of Inventory - ✔✔-Raw Materials

Work in Process (WIP)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller QuickPass. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.03. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83100 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$15.03
  • (0)
  Add to cart