Functional benchmarking - Study guides, Class notes & Summaries

C215 WGU Operations Mgmt- Post Exam correctly answered 2022Demand-Based Options includes two reactive options and one proactive option Reactive option the operations department uses inventories and back orders to react to demand fluctuations Proactive option marketing tries to shift the demand patterns to minimize demand fluctuations Capacity-Based Options changes output capacity to meet demand finished goods inventory used to absorb demand fluctuations; allows y...

marketing information system correct answers people and procedures dedicated to: 1. assessing information needs 2. developing the needed information 3. helping decision makers to use the information to generate and validate actionable customer and market insights ** Begins and Ends with information users - marketing managers, internal/external partners, etc. ** customer insights correct answers fresh understandings of customers and the marketplace derived from marketing data that becom...

Hotel Lodging FINAL EXAM QUESTIONS AND ANSWERS (Graded A) A guest's perception of the relationship between what was paid for a hospitality product or service relative to what was received for the payment is called - Ans ️️ -value. Which answers the question "What do we want to create? - Ans ️️ -Vision. Which is the act of granting employees the authority (power) to make key decisions within their areas of responsibility? - Ans ️️ -Empowering. Which tool clarifies how a hotel ...

A global organization groups its core functions by service line. Which of the following best describes this organizational structure? A. Geographic B. Functional C. Hybrid D. Product - Answer D is correct. An organization with a product structure empowers each product line to make decisions that affect the profitability and efficiency of delivery. This type of organization may be domestic or global. Each service line is supported by the relevant core business functions such as manufacturing, h...

Planning - the conscious, systematic process of deciding what goals and activities a person, group, work unit, or organization will pursue in the future Situational Analysis (step 1 of planning) - A process planners use to gather, interpret, and summarize all information relevant to the planning issue under consideration Goal (step 2a) - A target or end that management desires to reach. Plans (step 2b) - The actions or means managers intend to use to achieve organizational goals. ...

1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis D.) Decision-making 3.)In a SWOT analysis, the absence of reliable suppliers would...

TSIA test questions & answers 2024 What does TSIA do? - ANSWER-TSIA is a research and advisory firm that helps companies achieve profitable revenue growth and solve their top business challenges with data-driven, expert advice and community events. Members have access to our large research vault, custom benchmarking, virtual workshops, community events, and member-only studies. Explain to me the Technology and Services 50 Index Webinar you attended. What has been happening to product rev...

CPPB - Domain 1 Procurement Administration Questions and Answers Already Passed Good performance measures need to be meaningful for all participants including: Procurement professionals, clients and suppliers Good performance measures need to be stated in terms of the higher-level objectives of the central procurement office or else they will lose: their impact Good performance measures need to be: fair, easy to collect, consistent and objective Performance measure activities must be measure...

LSUS MBA 705 Chapter 12 Questions and Answers Balanced Scorecard: - Correct Answer ️️ -An approach to measuring performance based on an array of quantitative and qualitative factors, such as ROA, market share, customer loyalty and satisfaction, speed, and innovation. Best Practices: - Correct Answer ️️ -Processes or activities that have been successful in other firms. Business Process Reengineering: - Correct Answer ️️ -The application of technology and creativity in an effo...

1) Functional Design 2) Aesthetic Design 3) Experience Design - Answer-3 types of design that go into making high quality products Functional Design - Answer-Determines what a product built to do. Defines the engineering that gives a product its capabilities. Aesthetic Design - Answer-Defines how does the product look, how visually appealing it is, its personality and what its look says about brand Experience Design - Answer-Defines what it feels like to use the product, how easy to use it...