Explain the concept of a focused factory. Include different ways a factory can be focused
A focused factory is a way to achieve economies of scale, without extensive investments in facilities and capacity, by focusing on a narrow range of goods or services, target market segments, and/or dedicated processes to maximize efficiency and effectiveness. The focused factory argues to "divide and conquer" by adopting smaller, more focused facilities dedicated to:
1 . a few key products.
2 . a specific technology.
3 . a certain process design and capability.
4 . a specific competitive priority objective such as next day delivery.
5 . a particular market segments or customers and associated volumes.
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Which of the following is an example of trade advertising?
A. James, a doctor, places an ad in a local newspaper to advertise his new clinic. B. CL Inc., a chocolate manufacturer, hopes to attract wholesalers and retailers by placing an ad in NextMag, a weekly hotel magazine. C. Mars Inc. is using print advertising to attract supply managers from other companies. D. The State Egg Federation runs a series of television ads that educate people about the nutritional value of eggs. E. Pluto Inc., a toothpaste manufacturer, places an ad in Tooth Daily, a magazine frequently circulated among dentists.
Reminder advertising is likely to be most useful in the market growth stage of the product life cycle.
Answer the following statement true (T) or false (F)
An advantage of a centralized organization is that it:
A. givesdecision-making power to employees at all levels of the organization. B. tends to havea uniform customer approach across the front lines. C. is highly responsive to customer needs. D. typically has a high level of employee morale.
In Thailand, there is much tolerance for behaviors that are considered acceptable and violation of rules is often overlooked. This can partly be explained because:
a. Thailand has a loose culture. b. Thailand is collectivistic. c. Thailand emphasizes consideration for individual rights d. Thailand is a low power distance culture.