If the goals of JIT partnerships are met, which of the following is a result?
A) For incoming goods, receiving activity and inspection are outsourced.
B) In-transit inventory falls as suppliers are located closer to facilities.
C) Suppliers maintain a variety of customers to reduce risk.
D) In-plant inventory replaces in-transit inventory.
E) All of the above are consequences of meeting the JIT partnership goals.
B
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Social capital is a source of strength to many firms. Firms leverage their social capital in an effort to create competitive advantages. The social capital of a firm is based on the
A. allocation of the financial resources of the firm. B. relationships among the employees of the firm. C. knowledge of an individual. D. individual abilities of employees.
Answer the following statements true (T) or false (F)
1. People who hate their jobs do not collectively cost their organization money based on low productivity. 2. Organizational behavior can be defined as the study of people and their behaviors in the work place. 3. Organizational behavior can be defined as the study of people and their behaviors in the work place. 4. Providing employees with gifts or empathy wages makes employees feel appreciated. 5. A primary research area for OB scholars is biology.
Office Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Office Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's
operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Office Systems Corporation. If a transfer between the two divisions is arranged next period at a price (on 4,000 units of super chips) of $40, total profits in the Computer Chip division will a. rise by $20,000 compared to the prior period. b. drop by $40,000 compared to the prior period. c. drop by $20,000 compared to the prior period. d. rise by $80,000 compared to the prior period.
You have been asked to advise Waltham Furniture, a company that seeks to serve a target middle-class customer demographic obsessed with the quality and price of products. Your proposed value proposition for this company to offer to its customers would be to
A. provide comparable quality furniture at a much lower price than your rivals but leave the final assembly of purchased furniture to customers accompanied by an easy-to-follow assembly guide. B. market and sell only average quality furniture compared to your rivals at an imperceptible difference in price. C. identify the unique features of your client's furniture without comparing it with a rival's products. D. offer copycat furniture at low cost but an average quality compared to your client's rivals. E. offer the same quality of furniture as do your client's rivals but at a high cost based on greater market share and higher brand value.