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FInal Assessment: Porters Generic Strategies + Quality Control Flashcards | StudBud
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FInal Assessment: Porters Generic Strategies + Quality Control
FInal Assessment: Porters Generic Strategies + Quality Control
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1
What are quality circles
Customers suggest ways to improve quality
CEO'S suggest ways to improve quality
Employees suggest ways to improve quality
Cleaners suggest ways to improve quality
2
Where did Kaizen originate?
New Zealand
Mongolia
Japan
China
3
Which of the following analysis is most likely to help a strategy of differentiation?
market map
cash flow forecast
income statement
advertising campaign
4
What does QC stand for?
Quality Control
Qualification Control
Quick Chicken
Queen Cat
5
Which business use cost leadership as a strategy? (can pick more than one)
Ryanair
Primark
Netflix
Uber
6
Focused strategies are aimed at businesses competing in which markets?
Mass markets
New markets
Existing markets
Niche markets
7
What does Kaizen mean?
Reducing productivity
Continuous improvement
Ever upwards
Large, one off improvements
8
Which of these factors is most likely to be a feature of successful cost leadership strategy
portfolio of premium brands
ability to souce labour from high labour costs countries
low levels of productivity
significant use of economies of scales
9
What is the definition of Quality Control?
Measure of variability of output due to te production system
Andrew Polo runs a pizza business called Heavens's pizza
An exclusive right granted by the govt for a new invention
It prepares an organisations resources for unlikely events
10
What does EoS Stand for?
Elephants order snickers
Economies of scale
Evaluation of skills
Enterprise of Skiing
11
If a business is focusing on low cost in a mass market what strategy is it using?
Cost Plus Pricing
Cost Leadership
Cost Focus
Differentiation Leadership
12
The main purpose of a cost focus strategy is ...
to have lowest prices in a market
to be the lowest cost provider in a market
to have lowest prices in one small market
to be the lowest cost provider in one small market
13
What does QA stand for?
Quack Attack
Quick Assurance
Quality Assurance
Quickly Avacuate
14
Which feature is
not
common with businesses adopting a cost leadership strategy?
Reduced waste
High productivity
High capacity utilisation
Advanced technology
15
What is the main purpose of Porter's generic strategies?
Find a competitive advantage
Allows businesses to maximise profit
Identify methods of business growth
16
cost leadership is about minimising cost to the organisation of delivering products &services
false
true
17
Which strategy has been adopted with the Dyson hair dryer?
Cost focus
Cost Leadership
Differentiation Leadership
Differentiation focus
18
What are examples of Quality Assurance?
Checking at the end of production
Checking before production
Checking during production
Measure of variability of output due to production system
19
Give one way a business can provide better value for consumers?
All of the above
Greater convenience
Lower prices
Greater benefits
20
Which business pursues a strategy of cost leadership?
Ryanair
Land Rover
Waitrose
Burberry
21
To achieve cost leadership businesses must exploit what?
Workers
Diseconomies of scale
Economies of scope
Economies of scale
22
What does TQM stand for?
Terrible Quake Mother
The Qualification Major
Total Quality Management
Totally Quiet Mindfulness
23
What is Lean Production
Continuous small step improvements
Large one off improvements
Focuses on the elimination of waste
Take the most time possible
