SCM 303 Exam 1 Questions and Correct Answers the Latest Update
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Course
SCM 303
Institution
SCM 303
Corporate strategic planning involves decisions related to:
-What businesses should we be in?
-What specific product- and market-based initiatives and goals should we
establish?
-What measures should we use to control strategic initiatives?
-All of these.
What businesses should we be in?
F...
A well-designed value proposition possesses four characteristics. Which of the
following is NOT one of those characteristics?
-It offers the highest product quality in each quality dimension.
-It differentiates the firm from its competition in a way that is difficult to
imitate.
-It satisfies the financial and strategic objectives of the firm.
-It can be reliably delivered given the operational capabilities of the firm and its
supporting supply chain.
✓ It offers the highest product quality in each quality dimension.
Which of the following is the most appropriate definition of an "order winner"?
-A product characteristic that causes customers to choose the product over that
of a competitor.
-A product characteristic that permits the product to compete in a market.
-A product that has the highest profit margin.
-A product that generates the highest dollar sales volume.
✓ A product characteristic that causes customers to choose the product over that of a
competitor.
Which of the following is considered a "process-related" competitive priority?
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