Exam (elaborations)
Comp xm 2 - Questions & Answers (100% Correct)
Comp xm 2 - Questions & Answers (100% Correct)
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Comp xm 2 - Questions & Answers (100% Correct)Review the Inquirer to determine Chester's current strategy. How will they
seek a competitive advantage? From the following list, select the top five
sources of competitive advantage that Chester would be most likely to
pursue. ✔️Ans - b) Reduce labor costs through training and recruitment
c) Seek the lowest price in their target market while
e) Offer attractive credit terms
g) Seek high automation levels
h) Seek high plant utilization, even if it risks occasional small stockouts
One wrong answer
a) Reduce cost of goods through TQM initiatives
maintaining a competitive contribution margin
d) Increase demand through TQM initiatives
f) Accept lower plant utilization and higher capacities to insure sufficient
capacity is available to meet demand
i) Seek excellent product designs, high awareness, and high accessibility
j) Add additional products
You were recently selected for an important 2-year overseas assignment in
Qatar. This is a big career opportunity and a chance to work in a high-
growth region of your company's business. You just returned from a week
long trip to Qatar, which was part of the introduction to your new team and
your soon-to-be new home. You certainly became aware that there were
some noticeable cultural differences between your country and Qatar. You
are scheduled to move in 3 months. Which of the following actions would
be the MOST EFFECTIVE approach for improving your cultural
competence? ✔️Ans - Create a list of the things that you found to be
different than what you expected during your visit and plan some
strategies for adjusting to these differences.
One of your team members, Ted, has not been accomplishing his fair share
of the work and because of this your team's performance is suffering.
Which of the following actions would be most effective to get Ted to do his
fair share? ✔️Ans - Talk to Ted to understand why he is having problems
with his share of the work.
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