Exam (elaborations)
SCM 310 TEST 1 Week 6 Quiz Questions and Complete Solutions Graded A+
- Course
- Institution
SCM 310 TEST 1 Week 6 Quiz Questions and Complete Solutions Graded A+
[Show more]
Content preview
SCM 310 TEST 1 Week 6Quiz Questions and
Complete Solutions
Graded A+
measures of competitiveness - Answer: -productivity
-GDP growth
-market cap
-technology infrastructure
-quality of education
-efficiency of government
Why we care about productivity? (5) - Answer: -competitiveness
-profitability
-efficiency
-quality
-motivational dysfunction
Competition witihin industries increases when: - Answer: -firms are relatively equal in size and resources
-products and services are standardized
-industry growth is slow or exponential
Organizations should be linked to... - Answer: -the organizations strategy to achieve the greatest benefit
strategy should drive: - Answer: -product development
, -service development
-competitiveness
Joseph Juran - Answer: -His definition of quality as fitness for use provides groundwork for focusing on
the customer
barriers to entry - Answer: -economies of scale
-capital investment
-access to supply and distribution channels
-learning curves
competitiveness - Answer: the degree to which a nation or firm can produce goods and services that
meet the test of international markets while simultaneously maintaining or expanding the real income
of its citizens
What is a system? - Answer: -Group of items, events, actions that are independent
-ex. going to class, reading assignments, doing homework, passing exams, passing this class
balanced scorecard - Answer: 1) Finance - How should we look to shareholders?
2) Customer - How should we look to customers?
3) Processes - at what processes should we excel
4) Learning & Growth - How will we sustain our ability to change and improve
six sigma - Answer: -quality MGMT program that measures and improves the operational performance
of a company by identifying and correcting defects in the companies products and processes (5 steps)
1-10-100 rule - Answer: 1 - if caught and fixed as soon as it occurs, it costs a certain amount of time and
money to fix
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77333 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now